Bought with HomeSeller Resource, Inc.
$115,000
$114,900
0.1%For more information regarding the value of a property, please contact us for a free consultation.
6.74 Acres Lot
SOLD DATE : 11/25/2024
Key Details
Sold Price $115,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LP733811
Sold Date 11/25/24
Originating Board Triangle MLS
Lot Size 6.740 Acres
Acres 6.74
Property Description
Located near the bustling intersection of Cumberland Road and George Owen Road in Hope Mills, this 6.74-acre property features a two-sided billboard—one fixed and one digital—providing steady income with last year's revenue totaling $16,425.68. With annual taxes of just $938.02, the property delivers a strong NOI of $15,487.66, offering investors an attractive 13.5% cap rate. Beyond the billboard income, the property offers a fantastic value-add opportunity to subdivide the lot, potentially unlocking further possible development or recreational use. Ideal for investors seeking both immediate returns and long-term growth potential.
Location
State NC
County Cumberland
Zoning C(P) - Planned Commercial
Exterior
Utilities Available Natural Gas Not Available
Waterfront Description Creek,Stream
View Y/N Yes
Private Pool No
Building
Lot Description Wooded, Other
Sewer None
Others
Tax ID 0405668151.000
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION