Property Listing No Longer Available for Sale

US Highway 220 @ I-74, Ellerbe, NC

Land for Sale - $1,993,719 - 14 acres


Property Info

CIMLS#977740
Location
  US Highway 220 @ I-74
  Ellerbe NC 28338
UpdatedFebruary 13th, 2024
TypeLand
Price$1,993,719
Land14 acres

Property Description

This site is immediately adjacent to Exit 25 off I-74, and sits at its intersection with US-220 just south of Ellerbe, in Richmond County, NC. The site is highly visible because of its elevated location atop a ridge that borders the I-74 on-ramp. As such, the site is visible for nearly a mile by southbound travelers. The site boasts over 1,300' of frontage on I-74, allowing multiple end-users with frontage parcels.

Richmond County is at the crossroads of North Carolina. Located in the southern Piedmont region, Richmond County offers businesses and residents easy access to the very best the State has to offer. I-74 & I-95 (only an hour to the east) are two of the main transportation arteries. Further, Charlotte Douglas International Airport is only an hour to the west. As such, access to major metropolitan cities in the North, Midwest, and South is easily attained.

Utilities are in place at this location. Water and sewer are available on Macon Ridge Road with abundant capacity for nearly any commercial operation. The site will likely require a pump to bring sewage to the force main at the top of the ridge. However, this is a run of relatively short distance and infrastructure costs are minimal.

This site is squarely within the Highway Commercial Overlay District (HCO). This HCO was created to help coordinate developing lands along the County's major highways. Further, the HCO protects the residential and agricultural environment that is prevalent in Richmond County. The HCO is situated along and above I-74 for a distance of 1,000 feet each side of the right of way. Uses within this district are allowed only on a conditional use basis. Therefore, prospective buyers should review the relevant Richmond County Ordinances for specific requirements.

The residence and structures on the parcel convey at no value.


Financials