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    505 S Yadkin Ave Spencer, NC 28159

    For Sale
    $50,000

    High-visibility land in Spencer's thriving business district.

    Lot size:
    0.16 Acres

    Property Features for 505 S Yadkin Ave

    General Information

    Standard status
    Active
    Lot size
    0.16 Acres

    Source: ALLEN TATE WINSTON SALEM Agent CLEMENT LITTLE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Spencer Commercial Development Opportunity

    Located in the Spencer Business District, this property offers potential for growth and investment. It is situated near attractions such as the NC Transportation Museum and the NC Museum of Dolls, Toys & Miniatures. A new Downtown Park is under construction in the area. The location provides access to the I-85 corridor. The outbuilding does not convey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4224564
    Latitude
    35.6959847

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    FAQs

    What type of property is this?
    Commercial land - High-visibility land in Spencer's thriving business district.
    Where is this commercial land located?
    The property is located at 505 S Yadkin Ave Spencer, NC.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Prime commercial development opportunity in the heart of downtown Spencer.; - High-visibility location with unmatched potential for growth and investment.; - Steps away from popular attractions like the NC Transportation Museum and NC Museum of Dolls, Toys & Miniatures.
    (336) 778-3990
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    505 S Yadkin Ave Spencer, NC 28159
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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
    505 S Yadkin Ave Spencer, NC 28159
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