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1981 Jamestown Rd 47.34 Acres of Commercial Land Offered at $895,000 in Morganton, NC 28655

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INVESTMENT HIGHLIGHTS

Property has a previously approved subdivision plan. SIte is located 2 miles from industrial park.

Frontage on Jamestown Rd.

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PROPERTY FACTS

Price	$895,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Single Family Development
No. Lots	1	Total Lot Size	47.34 AC
Property Type	Land
Zoning	R-4 - Residential

Price	$895,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Single Family Development
Total Lot Size	47.34 AC
Zoning	R-4 - Residential

1 LOT AVAILABLE

Lot

Price	$895,000	Lot Size	47.34 AC
Price Per AC	$18,905.79

Price	$895,000
Price Per AC	$18,905.79
Lot Size	47.34 AC

Approximately 47.34 acres that is ready for development. Located at the intersections of Interstate 40, Causby Road and Jamestown Road this property rolls beautifully and has long range views.

DESCRIPTION

Approximately 47.34 acres that is ready for development. Located at the intersections of Interstate 40, Causby Road and Jamestown Road this property rolls beautifully and has long range views. Through a developer the tract was recently approved for a 50 unit housing development with survey, soil evaluation, wetland delineation, Biological evaluation for the effect determination of threatened and endangered species, phase 1 ESA, market study , title search and water service commitment and has been approved by Burke County. The Buyer terminated because of funding issues just days before closing at no fault of the property. This leaves a great opportunity for a new developer/builder.The success of this property becoming residential is a priority of local and state officials. The property is located just two minutes from the new Burke Business Park, minutes from Morganton and a short drive to the beautiful Western North Carolina Mountains. Building on property does not convey.