This expansive 0.5-acre wooded lot at 1545 Antioch Dr in Conover, NC offers investors a rare opportunity to build or develop in a flourishing market. Asking just $40,000, it's positioned perfectly for a high-return project—whether you’re building a custom home or adding to your portfolio with a spec build. With city water already available, you’ll just need to install a septic system, making it cost-effective and flexible. Demand in Conover remains strong, with median sold home prices around $320K—so envision the profit potential here!
Property Highlights:
0.5-acre wooded lot—private, scenic, and versatile
City water ready; buyer to install septic system
Asking Price: $40,000 – priced for investor ROI
Nearby Schools & Amenities:
Banoak Elementary
Jacobs Fork Middle All within a few miles
Easy access to downtown Conover, shopping, dining, and I-40/I-85 corridors
Financial Overview:
Buy Now Price: $44,999.00
After Build Value (ABV): $300,000–$350,000 (comparable recent sales)
Property Specs & Condition:
Lot Size: 0.5?acre (~21,780?sqft), wooded and private
Utilities: City water available; septic required
Zoning: Residential (single-family build)
Comparable Sales:
1542 Antioch Drive
3/2.5 2197sqft
Year built 2022 on MLS
Sold for $399K
1636 Samaria Lane
3/2 1624sqft
Year built 1999
Sold for $385K
This is a standout opportunity for investors looking to capitalize on Conover’s growth. Bring your plans and let’s lock in this lot. We’re ready to guide you through due diligence and closing. Submit your offer today!