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    Main St Locust, NC 28097

    Sponsored
    For Sale
    $500,000

    2.02 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.02-acre commercial land parcel presents a remarkable opportunity for investors and developers. Strategically located on Highway 24/27 (West Main Street) in Locust, North Carolina, this property boasts exceptional visibility due to its placement on the main road into town, experiencing approximately 27,000 vehicles daily. The land is currently vacant, featuring some trees that could potentially yield timber. Locust is experiencing significant growth, creating a welcoming environment for new businesses. Essential utilities are readily accessible, including water and natural gas (tap fees apply). Sewer availability is subject to approval from the City of Locust. The current owners, who have held the property for over a year, are willing to assist with any necessary rezoning to facilitate a smooth transition for the new owner. The property is zoned HB. This prime location, coupled with the seller's commitment to a seamless process, makes this an ideal investment for a variety of commercial, industrial, or residential ventures. Don't miss this chance to establish your presence in a thriving North Carolina community.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    HighLights

    • $500,000 asking price.
    • 2.02‑acre commercial, industrial, and residential land parcel.
    • Located on Highway 24/27 (West Main Street) in Locust, NC, 28097, with high daily traffic counts.
    • HB zoning; seller will assist with rezoning if needed.
    • Water and natural gas available; sewer availability requires City of Locust approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.4253663
    Latitude
    35.2599904

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    FAQs

    What type of property is this?
    Land - 2.02 Acres, High Traffic Area
    Where is this land located?
    The property is located at Main St Locust, NC.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; 2.02-acre commercial, industrial, and residential land parcel.; Located on Highway 24/27 (West Main Street) in Locust, NC, 28097, with high daily traffic counts.
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    Main St Locust, NC 28097
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    Locust, NC 28097
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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
    Main St Locust, NC 28097
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