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Hwy 5 27 Acres of Commercial Land Offered at $3,000,000 in Pinehurst, NC 28370
INVESTMENT HIGHLIGHTS
- Adjacent to approved 36-lot residential neighborhood
- Approximately 1/2 mile from the historic Village of Pinehurst, the Carolina Hotel, Pinehurst Resort and Members' Club, the Pharmacy, and Quail Haven R
EXECUTIVE SUMMARY
level.
PROPERTY FACTS Under Contract
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 27.00 AC |
| Property Type | Land | ||
| Zoning | NMU - Mixed Use | ||
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 27.00 AC |
| Zoning | NMU - Mixed Use |
1 LOT AVAILABLE
Lot
| Price | $3,000,000 | Lot Size | 27.00 AC |
| Price Per AC | $111,111.11 |
| Price | $3,000,000 |
| Price Per AC | $111,111.11 |
| Lot Size | 27.00 AC |
Lot for sale
DESCRIPTION
This property is approximately 1/2 mile from the historic Village of Pinehurst, the Carolina Hotel, Pinehurst Resort and Members' Club, the Pharmacy, and Quail Haven Retirement Community. The land adjacent to this property has been approved for a 36-lot residential neighborhood development. Pinehurst, NC is referred to as the "Home of American Golf" and has seen continued growth in recent years driven by the golfing community. Pinehurst has been announced as a second headquarters for the United States Golf Association (USGA) which will include a new equipment-testing facility, innovation hub, museum/visitor center and offices by 2023. Additionally, the US Kids Golf Foundation has relocated to Pinehurst from Norcross, GA. Finally, Pinehurst has been slated to host the US Open in 2024, 2029, 2035, 2041, and 2047.
PROPERTY TAXES
| Parcel Number | 8551-12-97-9037 | Improvements Assessment | $0 |
| Land Assessment | $1,099,790 | Total Assessment | $1,099,790 |
PROPERTY TAXES
Presented by
Taproot Realty Group, LLC
Hwy 5
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