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    24-27 Hwy Troy, NC 27371

    Sponsored
    For Sale
    $960,000

    60 Acres, Hwy 24-27, $16k/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 60-acre commercial and industrial land parcel presents a unique investment opportunity in Troy, North Carolina. Located directly on Highway 24-27 Bypass, this property offers unparalleled access and visibility. Zoned for light industrial use, it's ideally suited for a variety of development projects. The large lot size allows for substantial flexibility in design and construction, accommodating warehouse and distribution centers, flex spaces for expanding businesses, or even healthcare-related developments. The master plan's flexibility encourages creative design freedom, making it perfect for businesses seeking a customized solution. The $16,000 per acre price point represents a compelling value for this strategically located property in Montgomery County. Consider the potential for outparcels and lots designed to complement hospitality concepts, such as hotels and restaurants, further enhancing the property's value and appeal. With its prime location and versatile zoning, this property is poised for significant growth and return on investment. The asking price for the entire 60-acre tract is $960,000. This is a rare opportunity to acquire a substantial land holding in a thriving North Carolina market. The zip code is 27371.

    Property Features for 24-27 Hwy

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF

    HighLights

    • Direct access to NC Highway 24/27 Bypass.
    • 60‑acre parcel suitable for healthcare development.
    • Light industrial zoning ideal for warehouse, distribution, and flex space.
    • Flexible master plan allows for customized development.
    • Potential for outparcels for complementary hospitality uses (e.g., hotel, restaurant).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.9140099
    Latitude
    35.3460773

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    FAQs

    What type of property is this?
    Land - 60 Acres, Hwy 24-27, $16k/Acre
    Where is this land located?
    The property is located at 24-27 Hwy Troy, NC.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: Direct access to NC Highway 24/27 Bypass.; 60-acre parcel suitable for healthcare development.; Light industrial zoning ideal for warehouse, distribution, and flex space.
    Request Owner's contact information
    24-27 Hwy Troy, NC 27371
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    Troy, NC 27371
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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
    24-27 Hwy Troy, NC 27371
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