589 Stokestown Road Wallace, NC $ 895,000
589 Stokestown Road
$ 895,000
Recently Listed New Construction
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589 Stokestown Road

Wallace, NC, 28466
$ 895,000
Bedrooms-- Baths-- Sq 1,700

Monthly Estimate*

$ 5,511

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Commercial Property for sale in Wallace, NC

for $895,000. This 1,700 square foot building was built in 2026 on a lot size of 20.

This incredible package includes a truly rare opportunity to purchase a 20 acre tract on Stokestown Road in Wallace featuring two brand new cottages, extensive development potential, and absolute freedom of use with no HOA or restrictive rules. The land has already been cleared and is ready to be transformed into pastures, gardens, or open recreational space, making it ideal for equestrian use, farming, or private rural retreats. None of this land is in a flood zone requiring insurance; All in X! The property includes four additional septic permits, allowing for the creation of a private family compound, retreat, rental community, or future subdivision. Duplin County has confirmed the tract can be divided into up to six lots without subdivision rules or has potential to be even more with your development plan, providing flexibility to sell homes individually, create buildable lots of any size or configuration, or develop a custom layout tailored to your vision. The seller will consider an allowance toward surveying and subdividing and may also consider selling a smaller portion of the property--reach out for details and with offers. The two never occupied cottages were just completed and offer quality construction with thoughtful design throughout. Each 2 bedroom, 1 bath home features luxury vinyl plank flooring throughout, quartz countertops, solid wood cabinetry, and beautiful cypress ceilings that add warmth and character. Both homes offer covered and uncovered porches and decks, extending the living space outdoors. Each cottage is fully equipped with brand new appliances, including washers, dryers, and refrigerators, making them completely turnkey and ready for immediate occupancy or rental use. Ideally located, the property is approximately 6 miles from the Interstate 40 on ramp at Exit 385 on NC 41, providing convenient east west access. Shopping, dining, and everyday conveniences in Wallace are just minutes from the property. Whether seeking a legacy estate, income producing opportunity, or long term investment with exceptional flexibility, this offering combines land, infrastructure, location, and freedom in a way that is increasingly difficult to find.

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Commercial Active

Price

$ 895,000

Property Type

Commercial

Taxes

$ 401

Style

Improved

Lot Size

20

Year Built

2026

Town/City

Wallace

County/Region

Duplin

MLS | Web ID

100566964

Features
General
Heating Electric
Possession Close Of Escrow At Closing
Zoning na
Construction Materials Vinyl Siding Wood Frame
Year Built 2026
Property Subtype Improved
Tax Year 2025
Current Use Agricultural Single Family Residential Farm Development Development2 Farm3 See Remarks59
Taxes 401.94
Parcel Number 092435
Business Type Other
County Duplin
New Construction Y
Property Type Commercial Sale
In City Limits? (Y/N) N
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Garage Y/N N
Status Active
Directions take exist 385 off 40 to highway 41; follow highway 41 to a right turn onto Deep Bottom Road then right onto Stokestown Road. Property is on the left.
City Wallace
Lot Size Units Acres
Lot Size Square Feet 871200.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2026-04-14
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 69300
Legal Description See survey attached
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Interior
Flooring LVT/LVP
Water Heater Electric
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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Exterior
Exterior Finish Vinyl Siding
Lot Features Cleared2
Lot Size Area 20
Foundation Details Raised Slab
Spa N
Building Area Total 1700
Lot Dimensions 490x795x529x800x145
Lot Size Acres 20
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street State Road Maintained Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 589
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* Excluded Features
List By
Dawn J Berard

Listing Agent

Sold Buy The Sea Realty

Broker

dawn@soldbuysea.com

Email

Affordability Calculator

$5,544
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,511
Monthly Property Taxes
$33
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/14/2026$895,000 Listed Price

Map


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589 Stokestown Road, Wallace, NC, 28466 is a Commercial Property for sale at $895,000 with 1,700 sqft and a lot size of 20. 589 Stokestown Road was built in 2026. The property's zip code is 28466 which is in Wallace, NC