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    1190 Business Hwy Stanley, NC 28164

    Sponsored
    For Sale
    $489,000

    1.32-Acre Office Building, High Traffic

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.32-acre property presents a unique investment opportunity in Stanley, North Carolina. Located at 1190 S NC 16 Business Highway, the site boasts a 2045 square foot, 1.5-story building with significant potential for redevelopment as an office space. The property's zoning designation is ELDD BG (East Lincoln overlay, General Business), allowing for a variety of commercial uses. The lot itself is notably flat and partially cleared, simplifying development and site preparation. Currently utilized for junk car storage, this location offers a blank canvas for a discerning investor. With over 150 feet of road frontage on a high-traffic thoroughfare, the property benefits from excellent visibility and accessibility. North Carolina Department of Transportation data from 2019 indicates an average daily traffic count of 11,000 vehicles, underscoring the significant potential for attracting customers and employees. The surrounding area is characterized by a mix of light and heavy industrial businesses and existing office spaces, creating a synergistic environment for a new commercial venture. Its proximity to Highway 16 ensures convenient access to major interstate highways, further enhancing its appeal and strategic location. This property offers a compelling combination of size, location, and zoning potential, making it an ideal investment for those seeking a high-traffic commercial site with redevelopment possibilities. The asking price is $489,000.

    Property Features for 1190 Business Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stanley
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.01112
    Latitude
    35.4197

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    FAQs

    What type of property is this?
    Commercial real estate - 1.32-Acre Office Building, High Traffic
    Where is this commercial real estate located?
    The property is located at 1190 Business Hwy Stanley, NC.
    What is the asking price?
    The asking price for this property is $489,000.
    (704) 483-1518
    Request Owner's contact information
    1190 Business Hwy Stanley, NC 28164
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    Stanley, NC 28164
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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
    1190 Business Hwy Stanley, NC 28164
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