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    816 Main St Locust, NC 28097

    Sponsored
    For Sale
    $420,000

    Prime 1,056 sq ft lot, high traffic area.

    Property size:
    1,056 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 816 West Main Street in Locust, North Carolina, presents a unique opportunity for entrepreneurs. The 1,056 square foot lot, priced at $420,000 ($397.73/sq ft), is currently vacant and offers significant potential for redevelopment. Situated on a five-lane highway boasting approximately 27,000 vehicles daily, this property enjoys exceptional visibility. The existing structure, built in 1935, is a vacant house and will require demolition to accommodate new construction. This allows for complete customization to suit a variety of business needs, including those suitable for residential zoning. The property's strategic location is across from a thriving business district and within walking distance of a shopping area, ensuring high foot traffic and customer accessibility. The property is being sold "as is." Note that two adjacent parcels are also available for purchase, expanding the total acreage to 3.1 acres. The owner is open to considering all offers. This is an ideal location for a bank, grocery store, or restaurant.

    Property Features for 816 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    1,056 SF

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    1

    HighLights

    • 1,056 sq ft lot in Locust, NC, priced at $420,000 ($397.73/sq ft).
    • High‑visibility location on a five‑lane highway with approximately 27,000 vehicles daily.
    • Vacant lot with existing structure (1935 house) requiring demolition; allows for new construction.
    • Excellent location across from a business district and near shopping, ensuring high foot traffic.
    • Sold "as is"; two adjacent parcels available for purchase (total 3.1 acres).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.3992652
    Latitude
    35.3040317

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    FAQs

    What type of property is this?
    Restaurant - Prime 1,056 sq ft lot, high traffic area.
    Where is this restaurant located?
    The property is located at 816 Main St Locust, NC.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: 1,056 sq ft lot in Locust, NC, priced at $420,000 ($397.73/sq ft).; High-visibility location on a five-lane highway with approximately 27,000 vehicles daily.; Vacant lot with existing structure (1935 house) requiring demolition; allows for new construction.
    Request Owner's contact information
    816 Main St Locust, NC 28097
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    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
    816 Main St Locust, NC 28097
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