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Lantern Dr
Lexington, NC 27295
Lantern Drive Mobile Home Park · Land For Sale
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4.37 AC
INVESTMENT HIGHLIGHTS
- 10 total pads with established tenant occupancy
- Tenant-owned homes – park collects pad rent only
- Low management and maintenance requirements
- Public water and septic hookups for each lot
- Tenants pay all utilities and maintain their own lawns
EXECUTIVE SUMMARY
Current lot rents are below market (average lot rent is currently ~$195/month), offering immediate potential for increased revenue through rent adjustments to align with prevailing market rates ($300-$350/month per nearby comparable communities).
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 4.37 AC |
| Property Type | Land | ||
| Zoning | RA3 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 4.37 AC |
| Zoning | RA3 |
1 LOT AVAILABLE
Lot
| Price | $550,924 CAD | Lot Size | 4.37 AC |
| Price Per AC | $126,069.57 CAD |
| Price | $550,924 CAD |
| Price Per AC | $126,069.57 CAD |
| Lot Size | 4.37 AC |
Lantern Drive Mobile Home Park offers a rare opportunity to acquire a stable, income-producing asset in the growing Lexington, NC market. This well-maintained community consists of 10 mobile home pads, each equipped with public water service.
DESCRIPTION
The site consists of approximately 4.37 acres located on Lantern Drive in Lexington, North Carolina. It is currently developed as a mobile home community with ten established pads, each equipped with public water service and individual septic systems. The layout supports tenant-owned homes, and the infrastructure is designed for lot-rent use, meaning the land provides essential utility connections while residents maintain their own homes and yards. The property is situated in a growing area of Lexington, offering a quiet residential setting with convenient access to local roads and regional thoroughfares. The land is zoned RA3, which accommodates residential uses and provides flexibility for continued operation as a mobile home park or other compatible residential development. The site’s configuration and existing utility hookups make it suitable for low-maintenance occupancy, and the surrounding environment reflects a stable community atmosphere.
