191.43 AC For Sale

268 Old Beulah Rd/River Rd Selma, NC 27576

Selma
FOR SALE
Property Type:
Other Land
Amount:
$7,500,000
Last Verified:
Mar 19, 2024

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Highlights

  • - Zoned R-20 R-10 for versatile development opportunities
  • - Convenient access to Hwy 70 By-Pass for seamless connectivity
  • - Potential for multifamily or industrial use to suit investor objectives
  • - Presence of sewer line on track 2 for efficient infrastructure installation
  • - Option to sell each track separately for flexible investment strategies

Description

Unlock the potential of this prime property opportunity located at 268 Old Beulah Rd/River Rd in Selma, NC. Boasting zoning designations of R-20 and R-10, the property offers flexible prospects for multifamily or industrial development. With convenient access to Hwy 70 By-Pass, it ensures seamless connectivity and accessibility for businesses and manufacturing operations. Additionally, the presence of a sewer line on track 2 further enhances the property's development possibilities, allowing for efficient and cost-effective infrastructure installation. Furthermore, the option for individual sale of each track adds to the property's appeal, offering potential investors the flexibility to tailor their investment strategy to their unique objectives.

Embrace the potential of the Selma area and its allure for land and industrial investors. Situated near the intersection of Old Beulah Rd and River Rd, this location offers proximity to key points of interest, including the popular Rudy Theatre and the scenic Buffalo Creek Greenway, providing recreational opportunities for future employees and residents. With its strategic positioning, the area ensures convenient access to major transportation routes, fostering seamless connectivity for businesses and industrial operations. Boasting a burgeoning community and a range of local amenities, the location presents a compelling investment opportunity for those seeking a promising industrial, single family or multi-family foothold in this dynamic and evolving region.

Lot Size: 191.43 acres


Documents

Sale Brochure (L)

Map of 268 Old Beulah Rd/River Rd, Selma, NC, 27576

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.