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    00 Ritchie Rd Salisbury, NC 28147

    Sponsored
    For Sale
    $125,000

    1.65 Acres, $125,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.65-acre commercial lot presents a unique investment opportunity in Salisbury, North Carolina. Strategically located just off Interstate 85, at exit 74 (Julian Road), this wooded parcel offers unparalleled accessibility and visibility. The property is zoned HB (Highway Business), allowing for a diverse range of commercial ventures. Its convenient location, minutes from I-85, ensures high traffic volume and easy access for customers and employees. Detailed directions are available: From Charlotte, take I-85 North to exit 74 (Julian Road), turn left onto Julian Road, then left onto W. Ritchie Road. The property will be on your right after approximately 0.3 miles. While the property is currently unimproved, its prime location and zoning make it ideal for development. Please note that according to the original 1965 deed, a 10-foot alleyway exists to provide access to the adjacent property. This presents a unique opportunity for developers to consider in their plans. This is a rare chance to acquire a well-positioned commercial lot with significant potential for growth and return on investment in a thriving North Carolina market. The asking price is $125,000. The address is 00 W Ritchie Road, Salisbury, NC 28147.

    Property Features for 00 Ritchie Rd

    General Information

    Property type
    Land
    Lot Size
    71,874 SF

    HighLights

    • $125,000 asking price.
    • 1.65‑acre lot.
    • Located in Salisbury, NC, zoned HB (Highway Business).
    • Minutes from I‑85, Exit 74 (Julian Road).
    • Wooded lot with various business opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Rowan
    State
    North Carolina
    Longitude
    -80.4945188
    Latitude
    35.6322948

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    FAQs

    What type of property is this?
    Land - 1.65 Acres, $125,000
    Where is this land located?
    The property is located at 00 Ritchie Rd Salisbury, NC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; 1.65-acre lot.; Located in Salisbury, NC, zoned HB (Highway Business).
    Request Owner's contact information
    00 Ritchie Rd Salisbury, NC 28147
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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
    00 Ritchie Rd Salisbury, NC 28147
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