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    407 Main St Lowell, NC 28098

    Sponsored
    For Sale
    $2,478,000

    7 Acres, $2.478M, I-85 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7-acre commercial development site in Lowell, North Carolina, presents a lucrative investment opportunity. Located at 407 S Main St, this property boasts convenient access to Interstate 85 via Exit 22, and is also minutes from Highway 74, ensuring high visibility and accessibility. The land is comprised of seventeen tax parcels, offering flexibility for various development plans. The primary use is envisioned as commercial development, capitalizing on the strategic location and high traffic volume. A secondary use, such as a hotel, motel, or retail center, is also considered viable given the area's needs and potential. The asking price is $2,478,000, translating to $300,000 per acre, reflecting the significant value and potential return on investment. This property's prime location and substantial acreage make it an ideal choice for developers seeking a high-impact project in a rapidly growing area. The site's proximity to major transportation arteries ensures easy access for both employees and customers, maximizing its commercial potential. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity. The property is zoned for commercial use and offers significant potential for future growth and development.

    Property Features for 407 Main St

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • $2,478,000 asking price for 7 acres of commercial land.
    • Located at 407 S Main St, Lowell, NC 28098.
    • Primarily suited for commercial development, with potential for hotel/motel/retail.
    • $300,000 per acre land value.
    • Excellent I‑85 (Exit 22) and Hwy 74 access.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.103836
    Latitude
    35.26321

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    FAQs

    What type of property is this?
    Land - 7 Acres, $2.478M, I-85 Access
    Where is this land located?
    The property is located at 407 Main St Lowell, NC.
    What is the asking price?
    The asking price for this property is $2,478,000.
    What are key features of this property?
    This property features: $2,478,000 asking price for 7 acres of commercial land.; Located at 407 S Main St, Lowell, NC 28098.; Primarily suited for commercial development, with potential for hotel/motel/retail.
    Request Owner's contact information
    407 Main St Lowell, NC 28098
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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
    407 Main St Lowell, NC 28098
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