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    Covington Rd Troy, NC 27371

    For Sale
    $70,000

    Prime 0.91-acre commercial lot, ready to build.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.91-acre commercial lot presents a unique opportunity for entrepreneurs and investors alike. Situated in the thriving town of Troy, North Carolina, this property boasts a highly desirable location just off Albemarle Road, ensuring excellent visibility and accessibility. The expansive lot provides ample space for a variety of commercial ventures, allowing for significant development potential. This is a blank canvas ready for your vision. Buyers are responsible for ensuring their development plans adhere to the Troy Development Ordinance (TDO). The property's strategic location offers significant advantages, placing businesses within easy reach of a substantial customer base. The convenience of readily available city water and sewer services simplifies the development process, eliminating the need for costly infrastructure investments. A tap fee will apply for connection to these essential utilities. This is an exceptional opportunity to establish a thriving business in a growing community. Don't miss this chance to secure a prime piece of commercial real estate in Troy, NC. The asking price of $70,000 reflects the significant value and potential of this property. Act quickly, as opportunities like this are rare.

    Property Features for Covington Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    39,640 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.90328
    Latitude
    35.35345

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.91-acre commercial lot, ready to build.
    Where is this commercial real estate located?
    The property is located at Covington Rd Troy, NC.
    What is the asking price?
    The asking price for this property is $70,000.
    (980) 581-8183
    Request Owner's contact information
    Covington Rd Troy, NC 27371
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    Troy, NC 27371
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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
    Covington Rd Troy, NC 27371
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