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Downtown Spencer Commercial Development Opportunity

505 S Yadkin Avenue, Spencer, NC 28159

For Sale
$50,000

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

Property SizeContact for details
Days on Market573

Property Features for 505 S Yadkin Avenue

General Information

Standard status Active
Property subtype Land or Vacant Lot

Amenities

Cleared
Level
Listing Agency: HOWARD HANNA ALLEN TATE WINSTON SALEM
Listed By: CLEMENT LITTLE · License NC #125352
Source: Corcoran
Added: Apr 16, 2025 Changed: Nov 4 Last Checked: Nov 8 at 6:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOWARD HANNA ALLEN TATE WINSTON SALEM

Rey
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Investment Insights

Based on property information with market context.

This commercial property is located in the Spencer Business District, near the NC Transportation Museum and the NC Museum of Dolls, Toys & Miniatures. The property benefits from foot traffic and tourism. Spencer is focused on business development and community revitalization. A new Downtown Park is under construction. The property offers access to the I-85 corridor. Outbuilding does not convey.

Key Highlights

  • Prime commercial development opportunity in the heart of downtown Spencer.
  • High‑visibility location in the vibrant Spencer Business District.
  • Close proximity to popular attractions like the NC Transportation Museum.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Dental Office Auto Repair Shop Building Supply Pharmacy Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby

Demographics for 28159, NC

3,067
Population
1,458
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
1,394
Density / Sq Mi
$63,396
Median Household Income
$43,302
Median Earnings
$1,042
Median Rent
$160,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Rowan County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - High-visibility commercial land in Spencer's thriving business district.
Where is this commercial land located?
The property is located at 505 S Yadkin Avenue 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 in the vibrant Spencer Business District.; Close proximity to popular attractions like the NC Transportation Museum.
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