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    1397 Wilkesboro Hwy Statesville, NC 28625

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    For Sale
    Contact for pricing

    10.83 Acres, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.83-acre mixed-use property in Statesville, North Carolina, presents a significant investment opportunity. Comprising two parcels (PIN: 4735421640 & 4735420282), approximately 7.18 acres are buildable, offering substantial development potential. The site boasts excellent visibility and accessibility, with approximately 460 linear feet of frontage on Wilkesboro Highway and approximately 900 linear feet of frontage on I-40, a major thoroughfare experiencing 61,000 vehicles per day. Its level topography simplifies development. The property's strategic location offers convenient access to I-77 and is situated approximately 0.1 miles from I-40, 42 miles from Charlotte's central business district, 42 miles from Winston-Salem, 70 miles from Greensboro, and 107 miles from Asheville. The property is zoned B-2 (Neighborhood Business District) along Wilkesboro Highway and B-5 (General Business District) elsewhere, allowing for a variety of commercial uses, including auto shops, banks, and grocery stores. Contact for pricing and further details.

    Property Features for 1397 Wilkesboro Hwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    471,755 SF

    HighLights

    • Two parcels totaling 10.82 acres, with ±7.18 acres buildable.
    • Parcel PIN 4735421640 (approx. 7.18 acres) and Parcel PIN 4735420282 (approx. 3.64 acres).
    • 460 linear feet of Wilkesboro Highway frontage and 900 linear feet of I‑40 Highway frontage.
    • Level topography.
    • 0.1 miles from I‑40; convenient access to I‑77 (2.5 miles).
    • 42 miles to Charlotte CBD and Winston‑Salem; 70 miles to Greensboro; 107 miles to Asheville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.907532835585
    Latitude
    35.803573614934

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    FAQs

    What type of property is this?
    Individual retail property - 10.83 Acres, High Traffic Location
    Where is this individual retail property located?
    The property is located at 1397 Wilkesboro Hwy Statesville, NC.
    What are key features of this property?
    This property features: Two parcels totaling 10.82 acres, with ±7.18 acres buildable.; Parcel PIN 4735421640 (approx. 7.18 acres) and Parcel PIN 4735420282 (approx. 3.64 acres).; 460 linear feet of Wilkesboro Highway frontage and 900 linear feet of I-40 Highway frontage.
    Request Owner's contact information
    1397 Wilkesboro Hwy Statesville, NC 28625
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    Statesville, NC 28625
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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
    1397 Wilkesboro Hwy Statesville, NC 28625
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