Business For Sale

Business Overview:

Subdivision, 131 acres, 87 of 167 lots sold, plus 56 undeveloped acres for future development. Included is $603,000 of 9% first mortgages. Roads and power are in place and lots are.8 to 4 acres in size. Several homes already completed. Great website is set up to assist in single lot sales. Located near I-40 only 30 minutes to Asheville and Hickory, NC, 1 hour to Charlotte. Owner has health issues and is looking to retire.This would be great property for a builder or modular builder to set up a model and market their own homes for the remaining undeveloped lots. All lots are heavily wooded and offer a tranquil setting for a vacation home or primary residence. Nearby there are a multitude of outdoor activities including hunting,camping, fishing, hiking and even skiing at Beech Mountain. We are an exclusive marketing agent for the ownership group.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Assets=$603,000

Market Competition and Expansion:

There are several large tracks of land available in this general area but they have not had the preliminary development work, roads and lot designation done. This property is ready to go for either continued lot sales or a combination of lot and home sales. Many experts feel that we have seen the worst of the real estate crisis and things will start turning around. It was pointed out in a recent Wall Street Journal article that many wealthy individuals and foreign investors are right now buying land as an investment. This property would be an ideal location for a builder of medium priced homes, or even modular type homes to set up a model center and offer a home and lot package.

Reason for Selling:

Owner has health issues & looking to retire

Additional Details:

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