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    701 Us 1 Hwy Norlina, NC 27563

    Sponsored
    For Sale
    $140,000

    High-traffic US Hwy 1 location, 1.1 acres.

    Property size:
    1,929 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,929 square foot retail property is ideally situated on US Highway 1 in Norlina, North Carolina, offering unparalleled visibility and accessibility. The 1.1-acre lot ensures ample space for expansion or outdoor activities. Historically used as a restaurant and plumbing business for nearly four decades, this building boasts a rich history and established presence within the community. The main area of the building features an oil furnace for heating, and includes two functional half-bathrooms. Approximately 560 square feet of unheated storage space is available, providing versatile options for inventory or equipment. The property benefits from significant traffic volume, with precise figures currently being compiled. Its proximity to Northside School adds to its appeal and potential customer base. This is a remarkable opportunity to establish or relocate your business in a thriving location. The property's long history and established infrastructure provide a solid foundation for a variety of commercial ventures. Don't miss this chance to own a piece of Norlina's commercial landscape. Act quickly to secure this prime retail space.

    Property Features for 701 Us 1 Hwy

    General Information

    Property type
    Retail properties
    Square Feet
    1,929 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Norlina
    County
    Warren
    State
    North Carolina
    Longitude
    -78.23745
    Latitude
    36.43523

    Nearby Similar for Sale

    • $425,000
      1,680 SF

      Salon and Beauty Supply Store

      Turn-key salon and beauty supply store in Norlina, North Carolina.
      502 Us Highway 1, Norlina, NC 27563
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic US Hwy 1 location, 1.1 acres.
    Where is this retail property located?
    The property is located at 701 Us 1 Hwy Norlina, NC.
    What is the asking price?
    The asking price for this property is $140,000.
    (252) 438-2774
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    Norlina, NC 27563
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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
    701 Us 1 Hwy Norlina, NC 27563
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