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    187 Martin Ln Statesville, NC 28625

    Sponsored
    For Sale
    $1,840,000

    11.9 Acres, High Visibility, I-40 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11.9-acre commercial land parcel presents a unique investment opportunity in Statesville, North Carolina. Strategically located off I-40 at Exit 154, the property boasts approximately 1,200 feet of frontage along the interstate, providing unparalleled visibility for any commercial development. The site features level topography, simplifying construction and site preparation. Utilities are conveniently located nearby, further enhancing its development potential. The property is zoned B-4, allowing for a wide range of commercial uses. This high-growth area is experiencing significant expansion driven by major road improvements along I-77 and I-40. With proposed residential development to the east and major industrial projects to the west, this location offers excellent access to a growing population and workforce. The asking price for this prime commercial land is $1,840,000. This is an exceptional opportunity to capitalize on the burgeoning commercial activity in this dynamic region of North Carolina. The property's ideal location and significant frontage on I-40 make it an attractive prospect for businesses seeking high visibility and convenient access to major transportation routes. The level topography and readily available utilities further contribute to its desirability. Don't miss this chance to secure a prominent position in a rapidly developing area.

    Property Features for 187 Martin Ln

    General Information

    Property type
    Land
    Lot Size
    518,364 SF

    HighLights

    • Excellent I‑40 visibility.
    • Approx. 1,200 ft. of I‑40 frontage (eastbound ramp & interstate).
    • Level site.
    • High‑growth location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.82621972
    Latitude
    35.81393823

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    FAQs

    What type of property is this?
    Land - 11.9 Acres, High Visibility, I-40 Frontage
    Where is this land located?
    The property is located at 187 Martin Ln Statesville, NC.
    What is the asking price?
    The asking price for this property is $1,840,000.
    What are key features of this property?
    This property features: Excellent I-40 visibility.; Approx. 1,200 ft. of I-40 frontage (eastbound ramp & interstate).; Level site.
    Request Owner's contact information
    187 Martin Ln Statesville, NC 28625
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    Statesville, NC 28625
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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
    187 Martin Ln Statesville, NC 28625
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