🔥 Shannon, NC. TWO side-by-side lots — 3.29 acres total. Three existing septic systems. Wells already on both parcels. Road frontage on both lots. Priced BELOW county tax value. Not in a flood zone. 🤝
💰 Asking: $50,000 | Combined Tax Value: ~$56,190 | 🔥 Priced BELOW Tax Value
🏠 Property Details
| Type | Two Vacant Lots — Sold Together |
| Combined Acreage | 3.29 acres |
| Road Frontage | 205 ft combined (113 ft + 92 ft) |
| Zoning | RA-20 Residential Agricultural (both lots) |
| Flood Zone | Not in flood zone |
| County | Hoke County, NC |
| Occupancy | Vacant |
| Closing Date | March 30, 2026 |
| Financing | Cash ONLY. NO Seller Financing ❌ |
🏡 Parcel Breakdown
3353 Balfour Rd — Parcel #294500001121 1.74 acres | Tax value: $20,070 | Zoned Single Family Residential Three existing septic systems on this parcel. Well on site plus access to city water. Previously had a 3/2 manufactured home — infrastructure is already in place.
3321 Balfour Rd — Parcel #294500001168 1.55 acres | Tax value: $36,120 | Zoned Residential One existing septic system. Well on site plus access to city water. Shovel-ready for placement.
🔑 What You’re Getting
Both lots have direct road access and 205 combined feet of road frontage. Three septic systems already in the ground — that’s $15,000–$25,000+ worth of infrastructure you’re not paying for. Wells already on site. Both lots are buildable under current RA-20 zoning with a minimum lot size of 20,000 sq ft — each lot is multiple times that minimum.
📊 Comparable Sales & Build Data
| Property | Acreage | Sale Price | Notes |
|---|---|---|---|
| 1709 Balfour Rd, Red Springs | — | $239,990 | Sold 7/25 — New Build 3/2, same road, Hoke County |
| N Shannon Rd, Shannon | 1.65 acres | $40,000 | Sold 8/25 — Vacant land, had agri restriction |
| 3485 Balfour Rd, Shannon | 1.57 acres | $18,000 | Sold 1/25 — Raw vacant land, no improvements |
| 🏷️ Our Price (both lots) | 3.29 acres | $50,000 | 3 septic systems + wells already in place |
💡 Why this works: You’re buying 3.29 acres with three septic systems already in the ground — and you’re paying less than tax value to do it. A raw 1.57-acre lot nearby sold for $18K with nothing on it. A new build on the same road just sold for $240K. Place a manufactured home on each lot and you’re looking at $150K–$200K per parcel at resale — that’s $300K–$400K in potential end value on a $50K land buy. The infrastructure is there. The comps are there. The only thing missing is a buyer who moves fast.
🗺️ Hoke County GIS
Look up both parcels on the county map here →
⚠️ DISCLAIMER — Please Read Before Submitting an Offer
📋 Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and do not represent the owner.
🚫 Do not contact the Seller directly. Any attempt to contact, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed without our explicit written consent and execution of a joint venture agreement.
🔍 Due Diligence
Buyers are responsible for their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
💰 Offer & Deposit Terms
- $5,000 non-refundable deposit due within 24 hours of signing
- Closing no longer than 30 calendar days
- Buyer pays all closing costs — not included in asking price
- Taxes prorated and split between parties
- Closing through our closing attorney
🏚️ As-Is Terms
Property is offered as-is, where-is, no warranties. By submitting an offer you accept these terms.
- ❌ No repairs or improvements prior to closing
- ❌ No clean-out or clean-up of any kind
- ❌ Property will not be broom clean at closing
🤝 Realtors & Wholesalers
The wholesale price does not include your commission or fee. You may either negotiate your fee directly with your client or adjust the wholesale price upward to account for it. If you’d like to be compensated by us, include those terms in your offer or reach out before submitting.