6692 Valwood Rd - Specialty FOR SALE


Conover, NC 28613
$7,900,000 USD
828-307-0099
6692 Valwood Rd, Conover, NC for Sale
$7,900,000 USD
Specialty - FOR SALE
1/76
null | Request Cap Rate

6692 Valwood Rd
Conover, NC 28613


HIGHLIGHTS

  • 23+ Acre Lakefront Campus with Nearly ¾ Mile of Pristine Lake Hickory Shoreline
  • 33,000+ Sq Ft of Existing Structures with 35 Bedrooms, 28 Bathrooms & Full Amenities
  • Flexible PD Zoning & Proven Operational History, Ideal for Retreats, Hospitality, or Residential Development

OVERVIEW

This exceptionally rare 23+ acre waterfront property on Lake Hickory in Conover, NC, represents a premier investment and development opportunity. Featuring approximately ¾ mile of pristine lakefront, the property combines established campus infrastructure with proven operational history and long-term development potential. Currently operating as a fully functioning Boys Academy campus, the property demonstrates regulatory viability, utility capacity, and density tolerance for a variety of uses, including institutional, hospitality, residential, or adaptive reuse. Catawba County staff have indicated potential support for rezoning to Residential R-40, enabling luxury estate-style development. Campus & Facilities: 12 buildings, totaling 33,000+ heated square feet 35 bedrooms / 28 bathrooms, accommodating 65 overnight residents and up to 140 daytime occupants Central dining hall with fully equipped kitchen Residential & administrative structures, plus groundskeeper’s residence Outdoor amenities: zipline with dedicated facilities, floating dock, private beach, and ¾+ mile graveled walking trail Investment Highlights: Rare combination of contiguous acreage, lakefront, and established infrastructure Fully operational campus allows near-term income generation while pursuing redevelopment Flexible uses: luxury lakefront estates, private residential enclave, destination retreat, wellness/educational campus, or continued institutional operations Strategic location: 1 min to Hwy 16, 10 min to I-40, 55 min to Charlotte Douglas International Airport High-barrier-to-entry asset in Lake Hickory with both immediate functionality and long-term upside Keys / Rooms: 35 Potential Uses: Hospitality, Institutional, Adaptive Reuse, Luxury Residential, Retreats

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

NC Boys Academy Grounds

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.9 AC

LAND SF

1,041,084 SF

ZONING

PD

APN/PARCEL ID

3746047013640000

ASK ABOUT THIS PROPERTY

Katie LambogliaTrue North RealtyMore Info
828-307-0099

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Katie LambogliaTrue North RealtyMore Info
828-307-0099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.