22.94-acres Opportunity Zone Land
This 22.94-acre property is located minutes from Lake Lure and close to the Tryon International Equestrian Center. With ingress and egress on two sides, and very buildable rolling topography; this property is ideal for large tract residential development. This property is in a designated Opportunity Zone. OZ’s were created by the Tax Cuts and Jobs Act of 2017 and encourage investors to buy and improve properties in certain areas of the market. In exchange, investors receive massive tax benefits that can eliminate capital gains taxes on those reinvested funds.