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Investment Highlights

  • 8 Acres Zoned Residential/Commercial

Property Facts

Price $279,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Single Family Residence
Total Lot Size 8.00 AC
Zoning RH

1 Lot Available

Lot

Price $279,000
Price Per AC $34,875.00
Lot Size 8.00 AC

This deal comes with two parcels. First Lot is located at Lola Ln, Pilot Mountain NC 27041 - Parcel# 46 - 1.61 Acres and the second Lot is located at Foothills Dr, Pilot Mountain NC 27401 - Parcel# 71 - 6.47 Acres. Total 8.08 Acres

Description

This deal comes with two parcels. First Lot is located at Lola Ln, Pilot Mountain NC 27041 - Parcel# 46 - 1.61 Acres and the second Lot is located at Foothills Dr, Pilot Mountain NC 27401 - Parcel# 71 - 6.47 Acres. Total 8.08 Acres These Lots along with others were approved in the past for 60 condo units with a total of 5 Buildings with 12 units per - Bk913 pg778 With these Lots already having Development rights, getting a building permit should be simple to complete remaining 36 units or you can do whatever you’d like with the Land. One of the Condos recently sold for $160,000. 160k x 36 units that’s $5,760,000 The 6.47 Acre Lot is also zoned mixed use Residential/Commercial so there’s an abundance of potential. Public water & sewer access already available. Exact location: Latitude: 36°22'20.25"N Longitude: 80°29'25.41"W

Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5965-05-17-2546
  • 5965-09-17-3371
Land Assessment
$296,320
Improvements Assessment
$0
Total Assessment
$296,320
  • Listing ID: 27425186

  • Date on Market: 1/3/2023

  • Last Updated:

  • Address: 8AC Lola Ln, Pilot Mountain, NC 27041

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