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    420 West Ritchie Rd Salisbury, NC 28147

    For Sale
    $760,050

    Prime land for development in Salisbury, close to I-85.

    Property size:
    5 SF
    Lot size:
    5.60 Acres

    Property Features for 420 West Ritchie Rd

    General Information

    Size
    5 SF
    Lot size
    5.60 Acres

    Source: Brayden Flint Agent Brayden Flint

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

    Overview

    Highway Business Development Opportunity

    Located in Salisbury, 420 West Ritchie Road offers approximately 5.63 acres of Highway Business development opportunity. This property presents valuable potential for land developers or other investors due to its strategic location. The area boasts a thriving commercial landscape and access to essential amenities. The property benefits from close proximity to the historic downtown district, various retail hubs, and key transportation routes. Salisbury's dynamic business environment and cultural attractions make it an appealing location for potential investors. With a diverse range of dining, entertainment, and recreational options nearby, the area offers an enticing blend of convenience and opportunity for land or other investors. The site has close access to I-85 and a signalized intersection on Julian Road. It is near retail and medical office developments, as well as up-and-coming warehouse, logistics, and multifamily developments. The zoning is High Business (HB).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4944124
    Latitude
    35.6338986

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    FAQs

    What type of property is this?
    Land - Prime land for development in Salisbury, close to I-85.
    Where is this land located?
    The property is located at 420 West Ritchie Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $760,050.
    What are key features of this property?
    This property features: - ±5.63 acres of prime Highway Business development opportunity; - Strategic location in Salisbury with a thriving commercial landscape; - High Business (HB) Zoning
    (904) 392-6013
    Request Owner's contact information
    420 West Ritchie Rd Salisbury, NC 28147
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    Salisbury, NC 28147
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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
    420 West Ritchie Rd Salisbury, NC 28147
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