22.94-acres opportunity zone land

Rock Springs Road, Chimney Rock, NC, Polk 28756

Development Land

Open Use

Added: 2019-04-24 Updated: 2021-01-12

Active $160,000

Phoenix Commercial, LLC as exclusive Sales Broker to the Seller, is pleased to present the opportunity to buy this very desirable, large residential property located in Lake Lure, NC. This 22.94-acre property is located minutes from Lake Lure and close to the Tryon International Equestrian Center. With ingress and egress on two sides, and very buildable rolling topography; this property is ideal for large tract residential development. This property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains taxes on those reinvested funds.

Listing contacts

Kevin Jennings
Phoenix Commercial, LLC
(828) 275-2346

Documents

Sale Brochure

APN # P77-14

Lot Size (acres) 22.94

Zoning Open Use

Analyze the location

Feasibility study

20 minutes from the Tryon International Equestrian Center
Located in a Qualified Opportunity Zone
Ingress and egress on 2 sides
Owner financing considered
10 minutes from Lake Lure
Less than $7,000 an acre
Very buildable

22.94-acres located at the intersection of Grassy Knob, County Line and Rock Spring Roads in the Cooper Gap section of Chimney Rock, NC.

Drive Time:

▣ 0-5 minutes
▣ 6-10 minutes
▣ 11-15 minutes
▣ 16-20 minutes

22.94-acres opportunity zone land

$ 0