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    Us 64 Hwy Asheboro, NC 27203

    Sponsored
    For Sale
    $1,200,000

    Prime 2.43-Acre Commercial Lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 2.43-acre commercial parcel presents a unique investment opportunity in Asheboro, NC. Situated in a high-growth area, this property boasts unparalleled visibility and accessibility, with a daily traffic count exceeding 17,000 vehicles. Its strategic location offers significant advantages for a variety of commercial uses, including retail, office space, or other ventures. The land is less than 600 feet from the newly constructed Randolph County Agriculture Center and the planned site of a major hotel chain, ensuring future development and increased foot traffic. This proximity to established and emerging infrastructure creates a synergistic environment, promising strong returns on investment. The property's size and location make it ideal for a large-scale development or a smaller, strategically positioned business. The high traffic volume guarantees significant exposure, making it an attractive proposition for businesses seeking maximum visibility and accessibility. This is a rare opportunity to acquire a prime commercial lot in a rapidly developing area with exceptional potential for growth and profitability. Don't miss this chance to secure a piece of Asheboro's thriving commercial landscape. The asking price is $1,200,000.

    Property Features for Us 64 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    105,851 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.77914
    Latitude
    35.70578

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 2.43-Acre Commercial Lot
    Where is this commercial real estate located?
    The property is located at Us 64 Hwy Asheboro, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (336) 937-7355
    Request Owner's contact information
    Us 64 Hwy Asheboro, NC 27203
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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
    Us 64 Hwy Asheboro, NC 27203
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