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    00 Ritchie Rd Salisbury, NC 28147

    Sponsored
    For Sale
    $125,000

    1.65-acre wooded lot, highway business zoning.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.65-acre commercial lot presents a unique investment opportunity in Salisbury, North Carolina. Strategically located just minutes from Interstate 85's Julian Road exit (Exit 74), this property boasts unparalleled accessibility and high visibility. The land is currently wooded, offering a blank canvas for a variety of commercial ventures. Its Highway Business (HB) zoning allows for diverse business uses, making it ideal for entrepreneurs seeking a prime location with development potential. The property's convenient access to a major interstate ensures high traffic volume and excellent exposure for any business established here. A key feature, as noted in the original 1965 deed, is a 10-foot alleyway providing ingress and egress to the adjacent property, potentially offering additional logistical advantages. This is a rare opportunity to acquire a sizable commercial lot in a high-demand area with excellent highway access. The asking price of $125,000 reflects the significant potential this property offers for future development and return on investment. Serious inquiries are encouraged. The property address is 00 W Ritchie Road, Salisbury, NC.

    Property Features for 00 Ritchie Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    71,874 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.49341
    Latitude
    35.63906

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    FAQs

    What type of property is this?
    Commercial real estate - 1.65-acre wooded lot, highway business zoning.
    Where is this commercial real estate located?
    The property is located at 00 Ritchie Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    (704) 637-7721
    Request Owner's contact information
    00 Ritchie Rd Salisbury, NC 28147
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    Salisbury, NC 28147
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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
    00 Ritchie Rd Salisbury, NC 28147
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