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450 Washington StreetForest City, NC 28043Price: $250,900

  • Price: $250,900
  • Est. Mortgage of $/month
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$
%
$/month over payments
Federal 30-year interest rate: 7.03% last updated on Sep 24, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $250,900List Price
  • 3Bedrooms
  • 1Full Bath
  • 1Half Baths
  • 4.85Acreage
  • 1,020Square Feet

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Investor and development opportunity in Forest City! This offering includes an existing 3-bedroom, 1.5-bath home on 1.06 acres plus an adjoining 3.79-acre parcel, totaling approximately 4.85 acres. Renovate the existing home for rental income while exploring the additional acreage for future residential development. Zoned R-8 Residential, with potential for additional homesites, subdivision, or duplex development, subject to required evaluations and approvals. The property offers city water, an existing septic system, road frontage, open areas, wooded privacy, established paths, a cleared entrance, and a natural flowing creek. Conveniently located just minutes from downtown Forest City, this is a compelling opportunity for builders, developers, and investors seeking an income-producing property with room for future growth. Buyer to verify development capacity, and all proposed uses with the appropriate agencies.

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Listed by Tara Bayne of Howard Hanna Beverly-Hanks (tara.bayne@allentate.com)

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