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    1009 Austin Chaney Rd Wingate, NC 28174

    For Sale
    $875,000

    Prime Wingate location, near university. Excellent development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 5-acre parcel presents a unique development opportunity in Wingate, North Carolina. Situated just one mile from Wingate University, this property offers unparalleled access to a thriving community and a strong potential buyer pool. The land is ideal for a variety of projects, from residential to commercial development, taking advantage of its proximity to the university and its convenient location. The relatively flat terrain simplifies development plans and minimizes potential site preparation costs. The asking price of $875,000 reflects the significant potential of this strategically located property. For those seeking a larger-scale project, an adjacent parcel of approximately 26.945 acres is also available for purchase, offering an even more expansive development opportunity. This adjacent land is situated conveniently near the Austin Chaney exit of the Monroe Bypass, providing excellent access and visibility. Both properties represent a compelling investment for developers seeking to capitalize on the growth and potential of the Wingate area. Detailed surveys and site plans are available upon request. This is a rare chance to acquire prime development land in a desirable location. Don't miss this opportunity to secure a significant piece of Wingate's future.

    Property Features for 1009 Austin Chaney Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Clothing Store Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wingate
    County
    Union
    State
    North Carolina
    Longitude
    -80.45213
    Latitude
    35.00176

    Nearby Comparable

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    Nearby Similar for Sale

    • $4,041,750
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      Wingate Commercial Land Development

      Prime 27-Acre Development Site near Wingate University
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    FAQs

    What type of property is this?
    Commercial real estate - Prime Wingate location, near university. Excellent development potential.
    Where is this commercial real estate located?
    The property is located at 1009 Austin Chaney Rd Wingate, NC.
    What is the asking price?
    The asking price for this property is $875,000.
    (704) 634-7429
    Request Owner's contact information
    1009 Austin Chaney Rd Wingate, NC 28174
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    Wingate, NC 28174
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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
    1009 Austin Chaney Rd Wingate, NC 28174
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