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    1 Erwin Rd Dunn, NC 28339

    For Sale
    $35,000

    1.19 Acres, High Development Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1.19-acre commercial parcel presents a unique investment opportunity in Dunn, North Carolina. Located at 1 Erwin Road, this unimproved land boasts significant potential for various development projects. The property offers approximately 312 feet of road frontage, providing excellent visibility and accessibility. While currently zoned for commercial use, there's a possibility of rezoning for residential purposes, expanding the range of development options. This flexibility makes it an attractive proposition for investors seeking diverse development possibilities. The substantial acreage allows for ample space to accommodate a variety of projects, from small-scale commercial ventures to larger-scale residential developments. However, prospective buyers should be aware that the property is situated within a designated floodplain. This crucial factor needs to be considered during the planning and development phases, requiring adherence to relevant floodplain regulations and potentially impacting construction costs and design. Detailed site surveys and environmental assessments are recommended to fully understand the implications of the floodplain designation and to explore all potential development options. This property is priced competitively at $35,000, representing a compelling entry point into the Dunn real estate market. Serious inquiries are encouraged to explore the full potential of this promising land parcel.

    Property Features for 1 Erwin Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    51,836 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dunn
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.62513
    Latitude
    35.31552

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    FAQs

    What type of property is this?
    Commercial real estate - 1.19 Acres, High Development Potential
    Where is this commercial real estate located?
    The property is located at 1 Erwin Rd Dunn, NC.
    What is the asking price?
    The asking price for this property is $35,000.
    (919) 714-4663
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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
    1 Erwin Rd Dunn, NC 28339
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