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    511 Main St Albemarle, NC 28097

    For Sale
    $724,900

    High-traffic corner lot, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.66-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Locust, North Carolina. Boasting over 500 feet of road frontage on heavily trafficked Highway 24/27 (W. Main Street), this property enjoys a prime location directly across from the Locust town center and near the intersection of Highway 200, experiencing a daily traffic count of 24,500 vehicles. The property features two convenient curb cuts for easy access, making it exceptionally suitable for a diverse range of commercial ventures, including restaurants, retail establishments, or office spaces. Currently zoned HC, the land includes existing city water and sewer connections, a significant advantage for future development. While a tenant-occupied house is situated on the property (month-to-month lease), it is sold as-is with no assigned value. The property's APN numbers are 557503217731, 557503216667, 557503218850, and 557503218893. The asking price for this strategically positioned commercial land is $724,900. This is a rare chance to capitalize on Locust's burgeoning growth and establish a thriving business in a high-visibility location.

    Property Features for 511 Main St

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • Corner lot with dual curb cuts.
    • Existing water and sewer infrastructure.
    • HC zoning designation.
    • 500 feet of road frontage.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.4314
    Latitude
    35.257777

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for business.
    Where is this land located?
    The property is located at 511 Main St Albemarle, NC.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: Corner lot with dual curb cuts.; Existing water and sewer infrastructure.; HC zoning designation.
    Request Owner's contact information
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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
    511 Main St Albemarle, NC 28097
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