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    42 & Old Drugstore Rd Garner, NC 27529

    For Sale
    Contact for pricing

    High-visibility NC Hwy 42 retail site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1.35-acre outparcel, located at the signalized intersection of NC Highway 42 and Old Drugstore Road in Garner, NC (zip code 27529), presents a unique investment opportunity. Situated approximately 0.4 miles west of the newly developed I-40/US Hwy 42 interchange, this property boasts exceptional visibility and accessibility. The site is zoned GB and offers build-to-suit (BTS) options for single or multi-tenant development. Ideal for a variety of uses including retail, restaurant, medical office, executive office, gas station, or multifamily development. A newly opened retail center is directly across NC Highway 42, providing additional synergy and foot traffic. The property benefits from existing utilities including curb/gutter, streets, electricity, gas, water, cable, telephone, and irrigation. Located in the high-growth Johnston County submarket, this outparcel offers significant potential for long-term appreciation and strong rental income. Contact us today to discuss pricing and lease options.

    Property Features for 42 & Old Drugstore Rd

    General Information

    Property type
    Restaurants
    Lot Size
    58,806 SF

    HighLights

    • 1.35‑acre outparcel available for build‑to‑suit (BTS) development.
    • Suitable for retail, restaurant, medical, office, gas station, or multifamily uses.
    • Located at the signalized intersection of NC Highway 42 and Old Drugstore Road in Garner, NC (27529), near I‑40/US Hwy 42 interchange.
    • Zoned GB with excellent visibility and accessibility.
    • Features existing utilities including curb/gutter, streets, electricity, gas, water, cable, telephone, and irrigation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Garner
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5740581
    Latitude
    35.6013996

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    FAQs

    What type of property is this?
    Restaurant - High-visibility NC Hwy 42 retail site.
    Where is this restaurant located?
    The property is located at 42 & Old Drugstore Rd Garner, NC.
    What are key features of this property?
    This property features: 1.35-acre outparcel available for build-to-suit (BTS) development.; Suitable for retail, restaurant, medical, office, gas station, or multifamily uses.; Located at the signalized intersection of NC Highway 42 and Old Drugstore Road in Garner, NC (27529), near I-40/US Hwy 42 interchange.
    Request Owner's contact information
    42 & Old Drugstore Rd Garner, NC 27529
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    Garner, NC 27529
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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
    42 & Old Drugstore Rd Garner, NC 27529
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