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    5572 Nc 41 Hwy Wallace, NC 28466

    For Sale
    $500,000

    LAND - Wallace, NC

    Lot size:
    0.99 Acres
    Days on Market:
    290
    Last Refresh:
    Dec 10 at 2:06 pm

    Property Features for 5572 Nc 41 Hwy

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Hwy Business HB
    APN
    09-2729
    Lot size
    0.99 Acres

    Building Details

    Year built
    1955

    JOHNSON REALTY (910) 285-9111 [email protected]

    Listing agent Valerie R Johnson (910) 285-9111 License #241499

    Listing date Feb 24, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land in Growing Wallace

    Located in the growing Town of Wallace, this approximately 0.99-acre tract is situated across from Wendy's restaurant on Hwy 41. The property is less than 4 minutes from I-40. It is positioned as a potential location for business ventures such as a bank, gas station, or fast food chain restaurant. The site is within walking distance of Walmart, apartment buildings, and several strip malls. An older cinderblock home remains on the site and will likely need to be demolished and removed due to its condition. The property has a 16 ft easement in the deed for access from Hwy 41. There are two billboard signs on site that are not owned by the property owner. The zoning is Hwy Business HB. Buyer to verify utilities and water, sewer hookup fees with Town of Wallace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Clothing Store Auto Parts Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.967766
    Latitude
    34.742697

    Nearby Similar for Sale

    • $250,000

      Redevelopment Opportunity in Wallace, NC

      2+ acres with 10,000+ SF, ready for redevelopment.
      4002 S Nc 41 Hwy, Wallace, NC 28466
      View Details
    • $3,200,000
      14,820 SF

      Retail Property Near I-40

      Retail property for sale near I-40.
      5717 S 41 Hwy, Wallace, NC
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 1 acre tract near I-40, great business location.
    Where is this commercial land located?
    The property is located at 5572 Nc 41 Hwy Wallace, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime location on Hwy 41 in the growing Town of Wallace.; - Less than 4 minutes from I-40.; - Suitable for business ventures: bank, gas station, or fast food.
    (910) 285-9111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5572 Nc 41 Hwy Wallace, NC 28466
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