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    720 Martin Luther King Jr Ave Oxford, NC 27565

    For Sale
    $325,000

    Prime B-2 Zoned Lot, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.63-acre commercial lot presents a remarkable investment opportunity in Oxford, NC. Strategically located at the highly visible intersection of I-85 Exit 204 and Martin Luther King Jr Avenue, this property boasts significant road frontage on both Martin Luther King Jr Avenue and Easy Street. Its B-2 Highway Business zoning allows for a diverse range of commercial uses, including office suites, restaurants, retail stores, and more. The property's prime location offers unparalleled visibility and accessibility, situated beside a shopping center and numerous fast-food chains. This ensures high traffic volume and exposure to a large customer base. The surrounding area is thriving, with nearby big-box retailers, national chains, hotels, and restaurants. Oxford's continued growth makes this a particularly attractive investment, offering significant potential for future appreciation. The expansive corner lot provides ample space for development, making it an ideal location for businesses seeking high visibility and convenient access. This is a rare opportunity to establish a presence in a rapidly developing area with strong commercial potential. Don't miss out on this exceptional chance to capitalize on Oxford's growth trajectory. The asking price is $325,000.

    Property Features for 720 Martin Luther King Jr Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    27,443 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oxford
    County
    Granville
    State
    North Carolina
    Longitude
    -78.58435
    Latitude
    36.30104

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    FAQs

    What type of property is this?
    Commercial real estate - Prime B-2 Zoned Lot, High Visibility
    Where is this commercial real estate located?
    The property is located at 720 Martin Luther King Jr Ave Oxford, NC.
    What is the asking price?
    The asking price for this property is $325,000.
    (919) 693-2257
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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
    720 Martin Luther King Jr Ave Oxford, NC 27565
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