Executive Summary

McBane Tract

Alamance County, NC

Price Reduced - Great Investment Property!

Extensive road frontage on Hwy 87 and Mt. Olive Church Road. Enjoy country living in southern Alamance County, with lower property taxes. Property is less than 1 hour driving distance from Raleigh, 20 minutes to Chapel Hill, 10 minutes to Pittsboro and 20 minutes to I85 at Graham, NC. New survey completed in December 2008.

This is a rare buying opportunity for a discerning real estate investor. Enjoy income from management for timber production, excellent hunting and recreational potential, potential for tremendous land appreciation due to location. Pulpwood thinning needed in 4 - 6 yrs.

Property Information:
Address: Hwy 87 and Mt. Olive Church Rd.
City: Graham, NC 27253

Legal Information:
Tax PIN #: 9716-85-8762
Annual Property Taxes: about $300.00

Information:

This tract has previously been managed for timber production. Current stands were planted with Loblolly Pine in 1996 and 1999. Some older, mature timber. Extensive road frontage on Highway 87, Russell and Mt. Olive Church Roads provide options for future subdivision and development. Deer and turkey provide hunting opportunities.

Directions:

From Pittsboro take Hwy 87 north 10+/- miles to the Alamance County Line. Continue north on Hwy 87 approximately 0.6 miles to the intersection with Mt. Olive Church Rd. to the right and Russell Rd. to the left. Property is on both sides of road. Look for orange ribbons near property corners. Look for signs.

Size

88.16± acres

Price

$396,000 ($4,491.83 / acre)

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More information

Entrance to property from Mt. Olive Church Rd.

Looking north on Hwy 87

Looking south on Hwy 87

Looking east on Russell rd.

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