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    401 Louisburg Rd Louisburg, NC 27549

    Sponsored
    For Sale
    $890,000

    High-traffic retail land, 1.85 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.85-acre commercial land parcel presents a phenomenal retail investment opportunity in Louisburg, North Carolina. Located on US Highway 401, this property boasts a prime location with high visibility and significant daily traffic volume exceeding 23,000 vehicles. The site is zoned for Highway Business use within the Town of Louisburg, offering flexibility for a variety of commercial developments. Its strategic position directly adjacent to a cluster of established businesses creates a synergistic environment. Neighboring retailers include major national brands such as Walmart, Walgreens, and Truist Bank, along with local favorites like Bojangles and Moss Foods. This ensures high foot traffic and strong consumer presence, making it an ideal location for businesses seeking maximum exposure and accessibility. The property's 1.85-acre size provides ample space for development, allowing for significant build-out potential. The asking price for this exceptional retail land is $890,000. This presents a rare opportunity to acquire a highly desirable commercial property in a thriving North Carolina community. The address is 401 Louisburg Rd, Louisburg, NC 27549.

    Property Features for 401 Louisburg Rd

    General Information

    Property type
    Land
    Lot Size
    80,586 SF

    HighLights

    • $890,000 asking price.
    • 1.85‑acre commercial land parcel.
    • Located in Louisburg, NC, at 401 Louisburg Rd, zoned Highway Business.
    • High‑traffic location (23,000 vehicles per day) on US Highway 401.
    • Excellent retail opportunity near Walmart, Walgreens, Truist Bank, Bojangles, and Moss Foods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.3033411
    Latitude
    36.0860599

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    FAQs

    What type of property is this?
    Land - High-traffic retail land, 1.85 acres.
    Where is this land located?
    The property is located at 401 Louisburg Rd Louisburg, NC.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: $890,000 asking price.; 1.85-acre commercial land parcel.; Located in Louisburg, NC, at 401 Louisburg Rd, zoned Highway Business.
    (919) 281-2318
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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
    401 Louisburg Rd Louisburg, NC 27549
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