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    Colon Rd & Us Hwy 1 Sanford, NC 27330

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Land, Multiple Spaces Available

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at the high-traffic intersection of Colon Rd and US Hwy 1 in Sanford, North Carolina, presents a unique investment opportunity. The site offers multiple retail spaces for lease, spanning a flexible land area ranging from 2 to 13 acres. The property is classified as both retail and land, providing versatility for various development plans. With a total building square footage of 1 square foot (currently), the primary focus is on the expansive land parcel, ideal for new construction or expansion. Situated in Lee County, this location benefits from excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a growing market. The property's zoning and permitted uses should be verified independently. The 27330 zip code offers a robust demographic profile, ensuring a substantial potential customer base. This is a rare chance to acquire a significant piece of commercial real estate in a strategic location with high growth potential. The property's size and location make it suitable for a variety of retail uses, from small shops to larger-scale developments. Interested parties are encouraged to conduct their own due diligence to assess the suitability of the property for their specific needs. The property is currently listed for lease.

    Property Features for 0 Colon Rd & Us Hwy 1

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Parcel 2 (11+ Ac)
    Size
    566,280 SF
    Space
    Parcel 1 (2-13 Ac)
    Size
    566,280 SF

    HighLights

    • High‑traffic corner location at US Hwy 1 and Colon Rd, Sanford, NC.
    • 2‑13 acre parcel zoned for retail and land development.
    • Excellent visibility and accessibility in a growing market.
    • Proximity to a large industrial park and the Galvin's Ridge development (997 proposed housing units).
    • Currently listed for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sanford
    County
    Lee
    State
    North Carolina
    Longitude
    -79.1664017
    Latitude
    35.5455582

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, Multiple Spaces Available
    Where is this land located?
    The property is located at Colon Rd & Us Hwy 1 Sanford, NC.
    What are key features of this property?
    This property features: High-traffic corner location at US Hwy 1 and Colon Rd, Sanford, NC.; 2-13 acre parcel zoned for retail and land development.; Excellent visibility and accessibility in a growing market.
    Request Owner's contact information
    Colon Rd & Us Hwy 1 Sanford, NC 27330
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    Sanford, NC 27330
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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
    Colon Rd & Us Hwy 1 Sanford, NC 27330
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