22.94-acres Opportunity Zone Land

Listing was updated at: 05/17/2020
Property Overview
Price/Rent PSF $ 160,000.00
Asset Type Land
Trade Type Sale
Acres Available 22.94
Date Available 05/06/2020
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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.

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.