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    111 6Th Ave Conover, NC 28613

    Sponsored
    For Sale
    $275,000

    Prime Conover location, versatile zoning, development-ready.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2.23-acre commercial property presents a remarkable development opportunity in Conover, North Carolina. Situated at the start of Rock Barn Road, just outside the city's downtown area, this site boasts unparalleled accessibility. Its P-1 zoning allows for a diverse range of uses, including multifamily residential (with preliminary designs suggesting up to 20 townhomes), institutional, office, and select commercial developments. A picturesque stream forms a natural boundary along the eastern edge, enhancing the property's appeal while maximizing usable land. Crucially, this property is not located within a flood zone, mitigating potential development risks. Significant pre-development work has already been completed, including collaboration with the city planning department, an engineer, and a surveyor to obtain a comprehensive boundary and topographic survey. This thorough preparation streamlines the development process, saving time and resources for the future owner. The property's strategic location offers convenient access to Interstate 40 and Highway 16, placing it within easy reach of Hickory and a 45-minute drive from Charlotte, providing access to a large and diverse potential market. This is a truly exceptional opportunity for developers seeking a prime location with significant potential for a high-return investment. The asking price is $275,000.

    Property Features for 111 6Th Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    97,139 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Conover
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.21084
    Latitude
    35.70585

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Conover location, versatile zoning, development-ready.
    Where is this commercial real estate located?
    The property is located at 111 6Th Ave Conover, NC.
    What is the asking price?
    The asking price for this property is $275,000.
    (704) 409-4700
    Request Owner's contact information
    111 6Th Ave Conover, NC 28613
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    Conover, NC 28613
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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
    111 6Th Ave Conover, NC 28613
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