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    816 Main St Locust, NC 28097

    Sponsored
    For Sale
    $420,000

    High-traffic location, great business opportunity.

    Property size:
    1,056 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This 1,056 square foot property, located at 816 W Main Street in Locust, NC, presents a compelling business opportunity. Situated on a 0.97-acre lot, this property benefits from its prime location on a 5-lane highway (24/27) boasting over 27,000 vehicles daily. The property is partially wooded and located within an established business area, offering excellent visibility and accessibility. The existing house is being sold "as is" and has been vacant for several years. Its proximity to I-485 (only 12 miles away) provides easy access to a wider regional market. Locust is experiencing significant growth, with a high number of new home permits issued this year, creating a strong demand for new businesses. Water is available on the property, subject to a tap fee. Sewer access is across the street

    Property Features for 816 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,056 SF
    Lot Size
    42,253 SF

    Building Details

    Year Built
    1935
    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
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.43579
    Latitude
    35.25526

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      Locust, NC Commercial Property

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      816 Main St, Locust, NC 28097
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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, great business opportunity.
    Where is this commercial real estate located?
    The property is located at 816 Main St Locust, NC.
    What is the asking price?
    The asking price for this property is $420,000.
    (704) 888-1812
    Request Owner's contact information
    816 Main St Locust, NC 28097
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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
    816 Main St Locust, NC 28097
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