1515 N Ridge Street # 47

$50k Price Reduction! Motivated Seller! 1.41 SUBDIVIDABLE acres! Exceptional opportunity for developers, builders and investors on the cusp of Horse Country in Southern Pines. The property offers approximately 220' of road frontage, 280' deep. The property is zoned RS-1 by Southern Pines, and the town has already confirmed it could be subdivided under the minor subdivision category. There is a 30' access easement on the left side for the the property to the rear. Attorney has confirmed the easement can also be used for this property as is it is on their property. The well to the existing home was installed in 2021. Per Southern Pines utilities overlay, no public water or sewer is currently available. 1.41 acres - level, rectangular, partially cleared with 1930 Folk Victorian Cottage placed on the right side of the property. The cottage could be renovated or demolished depending upon buyers evaluation. This property is subject to a right of first refusal on any accepted offer. The holders of the right of first refusal have 30 days to respond once notice is given. The dwelling and property will be sold in 'as-is' condition. Cash offers are preferred. 24-48 hours notice is needed for showing requests. This listing is also entered as residential.