Description
FISHERMEN!! Own your own section of regularly stocked trout waters!! 4.91 acres with river frontage on the Watauga River and on Hwy 105 in the heart of Foscoe. Wetlands can be an ASSET. The seller says the buyer can potentially recover much of the purchase price. +/-2ac are "high quality wetland". These wetlands can likely be approved as bankable acres and sold to a developer for permanent protection, in exchange for acres the developer will destroy elsewhere for their development. In commercial areas such as the NC 105 corridor in Foscoe such banked wetland acres may sell for a high price per acre, depending on market factors, location and quality. There is no guarantee, but a place to start a search on the subject is: http://www.easillc.com/mitigation- Or doante to the Nautre Conservancey . So many possibilities. A large area is in the floodplain, which means you can build as long as you elevate above the floodplain and get the necessary Corps of Engineers and County approvals. Unique commercial property in a growing location in high traffic area. This is a rare one-of-a-kind opportunity! ZONED Mixed Commercial- Residential.
-
0BEDS
-
4.91ACRES
-
0BATHS
-
01/2 BATHS
Description
FISHERMEN!! Own your own section of regularly stocked trout waters!! 4.91 acres with river frontage on the Watauga River and on Hwy 105 in the heart of Foscoe. Wetlands can be an ASSET. The seller says the buyer can potentially recover much of the purchase price. +/-2ac are "high quality wetland". These wetlands can likely be approved as bankable acres and sold to a developer for permanent protection, in exchange for acres the developer will destroy elsewhere for their development. In commercial areas such as the NC 105 corridor in Foscoe such banked wetland acres may sell for a high price per acre, depending on market factors, location and quality. There is no guarantee, but a place to start a search on the subject is: http://www.easillc.com/mitigation- Or doante to the Nautre Conservancey . So many possibilities. A large area is in the floodplain, which means you can build as long as you elevate above the floodplain and get the necessary Corps of Engineers and County approvals. Unique commercial property in a growing location in high traffic area. This is a rare one-of-a-kind opportunity! ZONED Mixed Commercial- Residential.
© 2023 High Country Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Mossy Oak Properties Land and Luxury. Data last updated: 2023-01-27T18:47:36.423.