Description
Located near the bustling intersection of cumberland road and george owen road in hope mills, this 6.74-acre property features a two-sided billboard—one fixed and one digital—providing steady income with last year's revenue totaling $16,425.68. with annual taxes of just $938.02, the property delivers a strong noi of $15,487.66, offering investors an attractive 13.5% cap rate. beyond the billboard income, the property offers a fantastic value-add opportunity to subdivide the lot, potentially unlocking further possible development or recreational use. ideal for investors seeking both immediate returns and long-term growth potential.
Property Type
LandCounty
CumberlandStyle
LandAD ID
47416738
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BuyOwner last updated this listing 11/24/2024 @ 23:43
- MLS: LP733811
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Triangle MLS
is a Land, with bedrooms which is recently sold, it has 0 sqft, 7 sized lot, and 0 parking. are nearby neighborhoods.