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Property profile & analytics
OFF-MARKET Estimated value $115,000
Retail space

2243 Lincolnton Hwy Cherryville, NC 28021

714 SF 0.52 ac lot Built 1988
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US53-1700224
Property summary
AI-generated overview

This exceptional commercial property encompasses approximately 0.94 acres of land situated on the highly visible Lincolnton Highway in Cherryville, North Carolina. The property is comprised of two contiguous parcels, offering flexibility for development or expansion. Its strategic location is a significant advantage, being just half a mile from a major retail anchor, the Cherryville Walmart, ensuring high visibility and convenient access for potential customers. The property is zoned B3 Commercial, providing a wide range of permitted uses. City water and sewer services are readily available, simplifying the development process and reducing infrastructure costs. The high traffic count on Lincolnton Highway guarantees significant exposure for any business established on this site. This presents a rare opportunity to acquire a well-positioned commercial property in a thriving area, ideal for a variety of commercial ventures. The 714 square foot building offers potential for immediate use or redevelopment. The combined factors of location, zoning, and infrastructure make this a compelling investment opportunity. Serious inquiries are encouraged to explore the potential of this prime commercial land.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Total area 714 SF
Lot 0.52 ac (22,651 SF)
Zoning code RET03
APN 159032
UPID US53-1700224
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k
Owner & transaction history
Nicole G Reulecke · 8 yrs held
Nicole G Reulecke
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
RET03 · Cherryville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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