First time on the market. This well managed timber property offers great opportunities for a discerning real estate investor. Located in northern Franklin County, tract is less than 1 hour driving distance from Raleigh. The tract is made up of two contiguous parcels. It has great potential for subdivision into smaller lots. There is excellent road frontage on Hwy 58 and along Kary’s Drive. Well stocked pine stands in need of a pulpwood thinning can provide immediate income. Old house has no value, although there should be a well supporting the house. A small garden is being tended in the open field near the highway.
Directions: From Louisburg, take Hwy 561 east to Centerville. Take left on to Hwy 58 and travel approximately 0.8 miles. Property is on the left. Look for pink ribbons near property corners. Look for sign. Kary’s Drive runs along the northern portion of the property.
Size
34.42± acres
Price
$104,900
($3,047.65 / acre)