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    Red Cross Rd Oakboro, NC 28129

    For Sale
    $1,500,000

    Oakboro Land: High Visibility, Development Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 51.08-acre property presents a significant investment opportunity in the thriving Red Cross community of Oakboro, North Carolina. Strategically located along Highway 24/27, this expansive tract boasts over 2400 feet of prime highway frontage, ensuring unparalleled visibility and accessibility. The property also benefits from over 400 feet of rear access via Lakewood Road, providing multiple entry points and enhancing development flexibility. Currently zoned H-B, this land offers considerable potential for a variety of commercial or industrial uses. The three parcels comprising this offering are situated east of Highway 24/27 and border West Stanly High School, providing a unique location with high traffic counts and proximity to a significant population center. County water lines run adjacent to Highway 24/27, offering convenient access, although tap fees will apply. A drainage easement and open ditch are present, as detailed in the available survey. This substantial acreage presents a rare chance to acquire a highly visible and versatile property in a rapidly growing area. The property's size, location, and zoning make it an ideal candidate for a wide range of development projects. Detailed information, including the survey, is readily available upon request. The asking price is $1,500,000.

    Property Features for Red Cross Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,225,045 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oakboro
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.3549
    Latitude
    35.26758

    Nearby Comparable

    • $2,500,000
      57.00 Acres

      Prime Locust Land For Sale

      57 acres with frontage on Highway 24/27 and Barbee Road.
      1608 Main St, Locust, NC 28097
      View Details
    • $1,250,000
      57.35 Acres

      High-Traffic Commercial Land, Albemarle NC

      Prime 57-Acre Parcel, High Visibility
      Vac Nc 24/27 Hwy, Albemarle, NC 28001
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Oakboro Land: High Visibility, Development Potential
    Where is this commercial real estate located?
    The property is located at Red Cross Rd Oakboro, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (980) 581-8183
    Request Owner's contact information
    Red Cross Rd Oakboro, NC 28129
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    Red Cross Rd
    Oakboro, NC 28129
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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
    Red Cross Rd Oakboro, NC 28129
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