Bought with Non Member Office
$320,000
$329,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
71.66 Acres Lot
SOLD DATE : 12/11/2024
Key Details
Sold Price $320,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Subdivision
MLS Listing ID 10053120
Sold Date 12/11/24
HOA Y/N No
Originating Board Triangle MLS
Annual Tax Amount $2,725
Lot Size 71.660 Acres
Acres 71.66
Property Description
71.66 Acres of Multi-Use Timberland For Sale in Lenoir County, NC! Take a look at this beautiful tract of land located in Lenoir County, just outside of Kinston. This property features approximately 1,130 feet of road frontage on Elijah Loftin Road. There is one section that is roughly 80 feet and the other section of frontage is roughly 1,050 feet. The soils are well drained and none of the property is encompassed in the FEMA 100 or 500 year floodplain. Also, there aren't any wetland areas present. The land is level and the elevation is at approximately 80 feet above sea level.
The timber consists of thinned, managed pines and is an ideal place to park money into a sound investment property. There is enough acreage present where various timber management practices could be implemented to stagger the income from timber harvests over a longer time period. With some clearing, there is the possibility of a secluded homesite or two. It would also be a fantastic hunting and recreational property as well. Whitetail deer, as well as wild turkey are very common in Lenoir County and there is more than enough acreage to establish roads and a trail system. There is also the potential for commercial zoning and development. As Kinston continues to grow, properties in close proximity to there, especially along the Highway 58 corridor, will become popular places to develop.
From this property, you are only 10 minutes from Kinston, 30 minutes from New Bern, 15 minutes from Trenton, and less than one hour from Emerald Isle. Southwood Elementary School is less than a half mile from the property. While this property features frontage on Highway 58, you are in close proximity to Highway 70 and Highway 258, making accessing the property an ease from anywhere.
This is the perfect property to add to your investment portfolio. In addition to the continuation of timber management, there is potential for commercial zoning and development, as well as conservation easement enrollment, and residential development.
Location
State NC
County Lenoir
Direction From Southwood Elementary School, take a left onto NC-58. Take another left onto Elijah Loftin Road. The property will be on the right, across the street from the property located at 2222 Elijah Loftin Road.
Exterior
Utilities Available See Remarks
View Y/N Yes
Present Use Timber,See Remarks
Street Surface Paved,See Remarks
Private Pool No
Building
Lot Description Many Trees, Wooded, See Remarks
Faces From Southwood Elementary School, take a left onto NC-58. Take another left onto Elijah Loftin Road. The property will be on the right, across the street from the property located at 2222 Elijah Loftin Road.
Sewer None
Water See Remarks
Schools
Elementary Schools Lenoir County Public Schools
Middle Schools Lenoir County Public Schools
High Schools Lenoir County Public Schools
Others
Tax ID 22156
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