698 Golf Crse Rd Old Fort, NC 28762
This exceptional 45-acre property in McDowell County, North Carolina, presents a unique investment opportunity. Located just six minutes from the vibrant town of Old Fort, this expansive tract boasts stunning mountain views and diverse possibilities. Previously the Old Fort Golf Course, the land has been chemical-free for over five years and features a pond and a small creek. The property includes mature trees and open fields, making it ideal for a variety of uses, including a wedding venue, outdoor recreation center, equestrian facility, vineyard, or other agricultural endeavors. Two active wells are on the site. The property is zoned OU. While 40 acres are restricted against subdividing and residential construction (see deed for details), five unrestricted acres allow for the construction of a home or business, creating a potential live/work compound. Conveniently located 15 minutes from Black Mountain and 30 minutes from downtown Asheville, this property offers unparalleled access to outdoor recreation, including proximity to Catawba Falls, the Fonta Flora/G5 trail system, Curtis Creek, and Pisgah National Forest. The asking price is $975,000, representing a price per acre of $18,750. SkyRunner internet and cellular coverage are available. This is a rare opportunity to acquire a large, versatile tract of land in a rapidly growing area. Don't miss this chance to create your dream project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.