Property profile

1435 Corbett Ave Swansboro, NC 28584

OFF-MARKET
Commercial real estate
Property ID
US53-3845298
31,441 SF 14.32 ac lot
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4-acre parcel located at 1435 W CORBETT Avenue in Swansboro, NC presents a unique opportunity for development. The property's expansive size offers significant potential for a variety of uses, making it ideal for those seeking a substantial land holding in a desirable location. Situated in Swansboro, this land benefits from the town's attractive amenities and convenient access to local services and attractions. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built property tailored to specific needs and preferences. Buyers can envision a range of possibilities, from constructing a large single-family residence to developing a multi-unit project, subject to local zoning regulations and approvals. The substantial acreage provides ample space for landscaping, outdoor recreational areas, or other desired features. Given its size and location, this property represents a rare find in the Swansboro real estate market, offering a blank canvas for creating a truly exceptional property. The asking price of $490,000 reflects the significant value and potential of this land. Serious inquiries are encouraged to explore the possibilities and begin the process of transforming this prime Swansboro location into a remarkable property. Further due diligence is recommended to confirm zoning and development possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 31,441 SF
Lot 14.32 ac (623,779 SF)
Zoning code B-1
APN 61880
UPID US53-3845298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership Auto Repair Shop
  • Auto Parts Store
  • Auto Repair Shop

Location

1435 Corbett Ave Swansboro, NC 28584-8467
Swansboro metro Census 105 JACKSONVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.90M
Blend (final) Blend
$7.01M

Owner & transaction history

since 2021
Last sale
$7.6M
1 recorded transaction
2021
$7.6M

Zoning & alternative use

B-1 · Swansboro, NC
Zoning description

t regulations contained herein. (Ord. 2005-O3, passed 3-15-2005) Share Download Bookmark Print § 152.249 COMMERCIAL DEVELOPMENT. Commercial land use will be developed as a special use permit under the regulations of the…

General category COMMERCIAL
Top alternative use upside
Industrial (general) $7.3M +55.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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