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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Strip malls

701 Fire Tower Rd Winterville, NC 28590-1359

10,400 SF 1.14 ac lot Built 2018
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US53-0576953
Property summary
AI-generated overview

This exceptional commercial property, located at 701 FIRE TOWER Road in Winterville, North Carolina, presents a unique investment opportunity. The property encompasses a generous 1.14 acres of land, providing ample space for a variety of commercial ventures. A substantial 1,700 square foot building is situated on the lot, offering immediate potential for use or redevelopment. The building's current configuration is unspecified, allowing for flexible adaptation to suit diverse business needs. The property's location in Winterville offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a strategic location. The asking price of $2691 presents a compelling entry point into the Winterville commercial real estate market. This property is ideal for entrepreneurs and investors looking to establish a presence in a growing community. The substantial land area allows for expansion or the addition of further structures, providing significant long-term growth potential. Given the size of the building and the land, this property is suitable for a range of commercial uses, from retail to light industrial, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold "as is." Further due diligence is recommended to fully assess the property's potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Total area 10,400 SF
Lot 1.14 ac (49,658 SF)
Zoning code GB
APN 55197
UPID US53-0576953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Regional Finance Loan Service
  • Pizza Hut Take-out & Catering
  • Edward Jones - Financial Advisor: Larry Whittington II Financial Advisor
  • IT Wireless Computer & Electronic Repair Tech Support Center
  • Edward Jones - Financial Advisor: Josh Sweeley, CFP®|AAMS™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.07M
Owner & transaction history
Te C Tseng · 10 yrs held
Te C Tseng
since 2016
4 recorded transactions
2017
Price N/A
2016
$400,000
2006
$400,000
1995
Price N/A
Zoning & alternative use
GB · Winterville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of the General Business District (GB) is to accommodate those business that serve the traveling public, require large amounts of land for display and parking, and are not oriented to the pedestrian shopper.

Zone name General Business
General category COMMERCIAL
Zone area 425.56 ac
Source Realmo
Top alternative use upside
Apartment house (5+ units) $1.8M +81.1%
Restaurant $1.7M +78.9%
Medical building $1.3M +30.8%
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