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    Salisbury St Asheboro, NC 27203

    Sponsored
    For Sale
    $399,900

    5.5 Acres, Multifamily Zoning, Owner Financing

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5.4-acre commercial property in Asheboro, NC, presents a compelling investment opportunity. Strategically located on Salisbury Street, this land boasts high visibility and convenient access to major retail establishments including Randolph Mall, Sheetz, and Lowe's Hardware. The property is comprised of four contiguous parcels totaling nearly 5.5 acres, offering significant development potential. City water and sewer services are readily available, simplifying infrastructure needs. The OA6 zoning allows for a diverse range of uses, including multifamily residential, office space, and select commercial ventures. This versatility makes it ideal for various projects, such as storage facilities, office buildings, or even a church. The seller is offering attractive owner financing terms, making this an even more accessible investment. Given its prime location, flexible zoning, and owner financing options, this property represents a rare chance to acquire a substantial land parcel in a thriving area. The high traffic count on Salisbury Street ensures excellent exposure for any development. Don't miss this opportunity to secure a valuable asset in a rapidly growing market. Contact us today to learn more about this exceptional investment property.

    Property Features for Salisbury St

    General Information

    Property type
    Investment properties
    Lot Size
    235,224 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.81377
    Latitude
    35.70779

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    FAQs

    What type of property is this?
    Investment property - 5.5 Acres, Multifamily Zoning, Owner Financing
    Where is this investment property located?
    The property is located at Salisbury St Asheboro, NC.
    What is the asking price?
    The asking price for this property is $399,900.
    (336) 626-5600
    Request Owner's contact information
    Salisbury St Asheboro, NC 27203
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    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
    Salisbury St Asheboro, NC 27203
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