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    24/27 Main St Hwy Locust, NC 28097

    Sponsored
    For Sale
    $1,200,000

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.9-acre commercial property is located on West Main Street (Highway 24/27) in Locust, North Carolina, 28097, offering unparalleled visibility and accessibility. Situated in Stanly County, this land boasts a strategic location just 12 miles from I-485 in Charlotte, ensuring convenient access to a major metropolitan area. The property features beautiful hardwoods and approximately 3.91 acres of wooded land. The front acreage is zoned HB (Commercial), while the remaining acreage would require rezoning to commercial use, a process the owner is willing to facilitate with a suitable offer. Utilities are readily available, including water, sewer, electricity, and natural gas, with applicable tap fees. This high-traffic location sees 27,000 vehicles daily on the 5-lane highway. Note that a 0.69-acre portion at the rear of the property is subject to a power line easement with Union Power Company. This presents a remarkable opportunity for businesses seeking a prominent location in a rapidly growing area. The asking price for this exceptional property is $1,200,000.

    Property Features for 24/27 Main St Hwy

    General Information

    Property type
    Land
    Lot Size
    169,884 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.3992652
    Latitude
    35.3040317

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at 24/27 Main St Hwy Locust, NC.
    What is the asking price?
    The asking price for this property is $1,200,000.
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    24/27 Main St Hwy 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
    24/27 Main St Hwy Locust, NC 28097
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