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    Lowes Dr Pittsboro, NC 27312

    Sponsored
    For Sale
    $650,000

    0.69-acre C-2 zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.69-acre commercial land parcel is ideally situated in Pittsboro, North Carolina, at 0 Lowes Drive, zip code 27312. Zoned C-2, this property presents a unique investment opportunity due to its strategic location near the intersection of Highways 15-501 and 64, offering high visibility and accessibility. The site is directly off the main road leading into downtown Pittsboro and enjoys adjacency to a major retail center and proximity to the large Powell Place residential and mixed-use development. A significant 140-acre residential development site is located directly behind the property. Furthermore, the property benefits from its close proximity to the thriving Chatham Park master development, a 7,120-acre project encompassing 20,000 residential units and 2,000,000 square feet of corporate space. Within a half-mile radius, the successful Penguin Place retail center, featuring nationally recognized tenants, and the Mosaic mixed-use development (including retail, multi-family, office, and hospitality) are further testament to the area's robust growth. Nearby retail establishments include BB&T, Exxon, Lowe's Home Improvement, Taco Bell, McDonald's, and Citgo. The property's location offers easy access to Chapel Hill (15 minutes), Cary (20 minutes), and Apex (20 minutes), making it an attractive proposition for a wide range of commercial ventures. The asking price for this exceptional property is $650,000.

    Property Features for 0 Lowes Dr

    General Information

    Property type
    Land
    Lot Size
    30,056 SF

    HighLights

    • Adjacent to the new Hwy 64 Bypass.
    • Surrounding retail includes BB&T, Exxon, Lowe's, Taco Bell, McDonald's, and Citgo.
    • 15 minutes from Chapel Hill; 20 minutes to Cary and Apex.
    • Located within 0.5 miles of the 7,120‑acre Chatham Park master development, featuring 20,000 residential units and 2,000,000 SF of corporate space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pittsboro
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.1670424
    Latitude
    35.7444874

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    FAQs

    What type of property is this?
    Land - 0.69-acre C-2 zoned lot, prime location.
    Where is this land located?
    The property is located at Lowes Dr Pittsboro, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Adjacent to the new Hwy 64 Bypass.; Surrounding retail includes BB&T, Exxon, Lowe's, Taco Bell, McDonald's, and Citgo.; 15 minutes from Chapel Hill; 20 minutes to Cary and Apex.
    (919) 888-1285
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    Lowes Dr Pittsboro, NC 27312
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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
    Lowes Dr Pittsboro, NC 27312
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