221 Cullen Ln

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221 Cullen Ln

Statesville, NC 28625
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 11.66 total acres available for sale.
  • Property is situated in the city of Statesville North Carolina.
  • Site resides in a growing market within the Charlotte metro area.
  • Land serves as a candidate for residential development or private use.
  • Iredell County location offers proximity to regional transportation infrastructure.

What's Special

This 11.66-acre parcel in Statesville, North Carolina, is currently offered for sale to residential developers or private investors seeking a land holding in a growing regional market. Situated within Iredell County, the site benefits from the area's ongoing economic development and its strategic positioning near major regional transportation corridors that connect the Charlotte metropolitan area to the broader Piedmont region. The expansive acreage provides significant flexibility for site planning and infrastructure development. Given the residential sub-type classification, the property is well-suited for single-family housing developments or a private residential estate. Prospective buyers will find the site accessible via existing road networks in the 28625 ZIP code. The surrounding landscape reflects the steady growth patterns characterizing Statesville, blending established residential corridors with local infrastructure improvements. Interested parties should conduct independent due diligence regarding current zoning regulations, site topography, and utility connectivity to determine the project viability for their specific requirements.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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