Highway 52 Highway
$399,900 Under Contract - Show

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.

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Basic Information
MLS#: 3189657
Price: $399,900
Acreage: 63.10
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Waterfront/water view: No
Listing Courtesy Of: Century 21 Russ Hollins,Realtors

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