KITTRELL & ARMSTRONG, LLC

Transcription

1 KITTRELL & ARMSTRONG, LLC 2815 B Charles Boulevard Greenville, North Carolina Your Leader in Commercial Real Estate Fountain, North Carolina (Greenville, NC MSA) EXCLUSIVELY OFFERED BY: STANLEY H. ARMSTRONG, CCIM, SIOR THOMAS F. STOUGHTON, BROKER J. BRYANT KITTRELL, III, SIOR Managing Partner Managing Partner Managing Partner (252) (252) (252) Kittrell and Armstrong has made every effort to present accurate information here. Any disclosures of current performance or specifications are not a guarantee of future performance. All figures and assumptions should be independently verified.

2 KITTRELL & ARMSTRONG, LLC 2815 B Charles Boulevard Greenville, North Carolina Your Leader in Commercial Real Estate PROPERTY HIGHLIGHTS 230 +/- acres Approximately 10 miles west of Greenville NC, home to East Carolina University and Vidant Medical Center Approximately 75 miles east of Raleigh NC Phase 1 site plan approved for 11 lots of 10+/- acres each Phase 2: proposed plan for 8 additional lots. Entire development could be divided into smaller homesites. State of the art barn with 8 stalls 8 pastures with 4 board solid oak fencing Full apartment above barn for barn manager Aerial video of farm: Exclusively Offered By: STANLEY H. ARMSTRONG, CCIM, SIOR THOMAS F. STOUGHTON, BROKER J. BRYANT KITTRELL, III, SIOR Managing Partner Managing Partner Managing Partner (252) (252) (252)

3 FOR SALE - $3,400, Woodbrook Way, Fountain, NC (Greenville, NC MSA) DESCRIPTION The land consists of 230 +/- acres of high, rolling property, bordered and protected by a creek plus additional privacy landscaping. Approximately half of the property is cleared and half is wooded with maintained riding and walking trails throughout. The farm is home to abundant wildlife and offers excellent deer, turkey, dove and duck hunting. The property is gated, with a ¾ mile paved road to the barn. An additional ¼ mile of road bed is in place and ready to pave. Electricity and phone/internet run to the equestrian center and can easily be expanded to other parts of the development. Phase 1 of the development, the original farm consisting of about 140 acres, was purchased in 2006 and 2007 and is fully surveyed. A county approved development plan is in place. This plan provides for 11 residential parcels, many of them in excess of 10 acres each, plus a 30 acre parcel occupied by the equestrian center. This is the portion of the Farm that has been developed, with a paved road, underground utilities, landscaping, fencing for pastures and privacy and a fully functioning, well established and successful equestrian center. The layout of the equestrian center, the roads and the residential parcels were designed by Joe Martinolich, an internationally known designer of equestrian facilities, who played a large role in designing the famed Kentucky Horse Park. No homes have been built on the property at this time. Phase 2, the adjoining farm consisting of about 90 acres, was purchased in 2013 and is ¾ surveyed. The northern boundary is not surveyed, but can be completed as needed. A development plan for this parcel has been prepared by Joe Martinolich, but the plan has not yet been submitted to the County for approval. The proposed plan includes 8 additional multi-acre residential lots on the main farm, with a separate lot across a small road of approximately 11 acres. All lots can be divided into smaller lots, although that would require county approval and additional infrastructure. The 11 acre parcel located across the main road would be ideal for a manager s home, hay and equipment storage as well as parking for boats, RVs or horse trailers. A draft of restrictive covenants is proposed but they have not been finalized or filed with the deeds. They could easily be revised by new ownership. KITTRELL & ARMSTRONG, LLC

4 FOR SALE - $3,400, Woodbrook Way, Fountain, NC (Greenville, NC MSA) LOCATION is located in Fountain, North Carolina. The farm is approximately 10 miles from Greenville, home to Vidant Medical Center, East Carolina University and the Brody School of Medicine. The Farm is approximately 14 miles from Highway 264 which is a direct route to Raleigh; 75 +/- miles to the west. The local economy is well diversified with industries in advanced manufacturing, pharmaceuticals, life science, and food processing. Major employers include: East Carolina University, Vidant Medical Center, Patheon, DSM Dyneema, Hyster-Yale Group, Grady-White Boats, ASMO, and Attends Healthcare Products. With a population of 92,451, Greenville is the 10th largest city in North Carolina. Strategically located off the east coast, Greenville offers convenient access to rail, air, ports and roads. Forbes Magazine has ranked the City of Greenville in the top ten of the nation's "Best Small Places For Business and Careers". Our excellent affordability, geographic location, and natural resources, combined with our cultural, economic, educational, and medical amenities make Greenville-Pitt County a preferred destination for business and leisure travelers, and a wonderful place to live, work and play! KITTRELL & ARMSTRONG, LLC

5 FOR SALE - $3,400, Woodbrook Way, Fountain, NC (Greenville, NC MSA) BARN The barn and the lot layout for the land were designed by Joe Martinolich of Lexington, Kentucky. Joe helped design the Kentucky Horse Park, along with other equestrian facilities worldwide. Designed for both beauty and function, the barn is masonry construction with striking exterior stone work. The 8 stalls are oversized with upgraded, European style stall fronts by Lucas Equine, measuring 12x16 feet each. They feature Nelson Automatic waterers and Stable Comfort padded stall floors. Barn construction began in 2007 and opened for business in A full apartment is located above the barn for a barn manager. Safety is a primary concern, with hay storage separate from the barn, masonry construction, doors on each stall leading directly outside, fire alarms and a 4-hour fire rated structure. The barn features a large heated and air conditioned tack room lined with antique pine, full laundry facility, tack cleaning area, kitchen, office and racks for boarder s tack. Including the pasture fences, there are three miles of fencing on the property. Fencing is four board solid oak that was purchased in Lexington, Kentucky. The pasture fences are lined with electric strand fencing as well. The barn was designed for efficiency with short walking distance from pastures to the barn, and Nelson Automatic waterers in all pastures. KITTRELL & ARMSTRONG, LLC

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7 3961 Woodbrook Way, Fountain, NC (Greenville, NC MSA) KITTRELL & ARMSTRONG, LLC