Value is in lakefront lot, but dilapidated house is there if you need that for 1031 purposes (to swap a rental).
Contractors say current building has good bones. House is vacant, no power: abandoned for 20 years. Enter at own risk.

No HOA! on this lot and already perc for 4-bedroom, which is rare in this area (most test for 3). Located near the end of a peninsula on Mooresville side of Lake Norman. Within walking distance of Stutt's Marina and on deep water with plenty of room for dock (current one rotted away)
Channel in front of house is beautiful and large
Sellers have extensive permits and documentation from when they nearly built on land. 4bedroom, 8 person perc/septic tank permit approved, larger well approved, etc
HUGE Dock approved! (see attachments). Previously listed without dock approved.

Most lots in area only perc for 3 bedrooms, giving this location huge value. 30k in permitting/risk completed
Also listed as residential house in MLS