Exceptional acreage tract located between Business 52 and Highway 52 just south of Albemarle. Over 490ft road frontage on S Business 52 and potential of 1200ft +/- on Highway 52 conditional on DOT permitting. Currently under crop cultivation; this tract has excellent visibility from both highways. Generally level topography easily adapted to any commercial or manufacturing use and/or construction. Currently zoned RA (res/agric) with opportunities to develop and rezone as manufacturing. Please note that this parcel lies within a North Carolina Opportunity Zone, specifically Census Tract: 37167931000. The zone provides TAX incentives to encourage investment in certain communities. Incentives may include temporary tax deferral for capital gains reinvested in an Opportunity Fund. Step-up basis for capital gains reinvested in an Opportunity Fund and Permanent exclusion from taxable income of long-term capital gains. Buyers should consult tax adviser to determine benefit of purchase.
Open/Cleared, Paved Frontage, Vegetation/Crops
Century 21 Russ Hollins,Realtors
|Price Reduced from $425,925 to $399,900|
|Price Reduced from $448,000 to $425,925|
Century 21 Russ Hollins,Realtors.
Based on information submitted to the MLS GRID as of November 14th, 2019 at 2:58pm CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.