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6692 Valwood Rd - NC Boys Academy Grounds 33,748 SF Specialty Building Offered at $7,900,000 in Conover, NC 28613
Investment Highlights
- 23+ Acre Lakefront Campus with Nearly ¾ Mile of Pristine Lake Hickory Shoreline
- Flexible PD Zoning & Proven Operational History, Ideal for Retreats, Hospitality, or Residential Development
- 33,000+ Sq Ft of Existing Structures with 35 Bedrooms, 28 Bathrooms & Full Amenities
Executive Summary
This exceptionally rare 23+ acre waterfront property on Lake Hickory in Conover, NC, represents a premier investment and development opportunity. Featuring approximately ¾ mile of pristine lakefront, the property combines established campus infrastructure with proven operational history and long-term development potential.
Currently operating as a fully functioning Boys Academy campus, the property demonstrates regulatory viability, utility capacity, and density tolerance for a variety of uses, including institutional, hospitality, residential, or adaptive reuse. Catawba County staff have indicated potential support for rezoning to Residential R-40, enabling luxury estate-style development.
Campus & Facilities:
12 buildings, totaling 33,000+ heated square feet
35 bedrooms / 28 bathrooms, accommodating 65 overnight residents and up to 140 daytime occupants
Central dining hall with fully equipped kitchen
Residential & administrative structures, plus groundskeeper’s residence
Outdoor amenities: zipline with dedicated facilities, floating dock, private beach, and ¾+ mile graveled walking trail
Investment Highlights:
Rare combination of contiguous acreage, lakefront, and established infrastructure
Fully operational campus allows near-term income generation while pursuing redevelopment
Flexible uses: luxury lakefront estates, private residential enclave, destination retreat, wellness/educational campus, or continued institutional operations
Strategic location: 1 min to Hwy 16, 10 min to I-40, 55 min to Charlotte Douglas International Airport
High-barrier-to-entry asset in Lake Hickory with both immediate functionality and long-term upside
Keys / Rooms: 35
Potential Uses: Hospitality, Institutional, Adaptive Reuse, Luxury Residential, Retreats
Currently operating as a fully functioning Boys Academy campus, the property demonstrates regulatory viability, utility capacity, and density tolerance for a variety of uses, including institutional, hospitality, residential, or adaptive reuse. Catawba County staff have indicated potential support for rezoning to Residential R-40, enabling luxury estate-style development.
Campus & Facilities:
12 buildings, totaling 33,000+ heated square feet
35 bedrooms / 28 bathrooms, accommodating 65 overnight residents and up to 140 daytime occupants
Central dining hall with fully equipped kitchen
Residential & administrative structures, plus groundskeeper’s residence
Outdoor amenities: zipline with dedicated facilities, floating dock, private beach, and ¾+ mile graveled walking trail
Investment Highlights:
Rare combination of contiguous acreage, lakefront, and established infrastructure
Fully operational campus allows near-term income generation while pursuing redevelopment
Flexible uses: luxury lakefront estates, private residential enclave, destination retreat, wellness/educational campus, or continued institutional operations
Strategic location: 1 min to Hwy 16, 10 min to I-40, 55 min to Charlotte Douglas International Airport
High-barrier-to-entry asset in Lake Hickory with both immediate functionality and long-term upside
Keys / Rooms: 35
Potential Uses: Hospitality, Institutional, Adaptive Reuse, Luxury Residential, Retreats
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Property Facts
| Price | $7,900,000 | Building Class | B |
| Price Per SF | $234.09 | Lot Size | 23.90 AC |
| Sale Type | Investment or Owner User | Building Size | 33,748 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1959/1985 |
| Zoning | PD - PD zoning allows flexible, master-planned development with mixed residential, commercial, institutional, or recreational uses under an approved plan. | ||
| Price | $7,900,000 |
| Price Per SF | $234.09 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 23.90 AC |
| Building Size | 33,748 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/1985 |
| Zoning | PD - PD zoning allows flexible, master-planned development with mixed residential, commercial, institutional, or recreational uses under an approved plan. |
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Property Taxes
| Parcel Number | 3746047013640000 | Improvements Assessment | $2,974,700 |
| Land Assessment | $3,346,000 | Total Assessment | $6,320,700 |
Property Taxes
Parcel Number
3746047013640000
Land Assessment
$3,346,000
Improvements Assessment
$2,974,700
Total Assessment
$6,320,700
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6692 Valwood Rd - NC Boys Academy Grounds
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