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Property profile & analytics
OFF-MARKET
Land

0 Main St Locust, NC 28097

1.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.65-acre commercial land parcel presents a prime opportunity for business development in the rapidly expanding town of Locust, North Carolina. Located on West Main Street, this property boasts a highly desirable Highway Commercial zoning designation and benefits from a substantial daily traffic count exceeding 27,000 vehicles. The land is ready for immediate development, featuring two existing entrances for convenient access. County water is readily available with the payment of a tap fee, and natural gas is conveniently located across the street. For businesses requiring additional space, an adjacent property on Meadow Creek Road is also available for purchase. The asking price is $398,000, representing a price per acre of $398,000. The seller has owned the property for over a year and is actively considering all offers. This is an excellent investment opportunity in a thriving location with strong infrastructure and high visibility. Don't miss this chance to establish your business in a high-traffic area with significant growth potential.

Property profile
Verified
Property type Land
Lot 1.65 ac (71,874 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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