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    Hwy 401 & Hwy 56 Louisburg, NC 27549

    Sponsored
    For Sale
    Contact for pricing

    Prime NC commercial land near Walmart.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.87-acre commercial land parcel presents a remarkable investment opportunity in Louisburg, North Carolina. Strategically located at the intersection of Hwy 401 and Hwy 56, this property enjoys high visibility and accessibility, benefiting from its proximity to a Walmart Supercenter. The site is designated as Parcel 13 and offers significant potential for various commercial developments. Existing building footprints suggest previous uses, with one space measuring 1200 square feet (Space B7) and another larger space encompassing 4400 square feet (Space A7-9). These existing structures could be repurposed or removed to accommodate a new construction project. The land's location within a thriving retail corridor ensures strong foot traffic and convenient access for customers. This outparcel presents a unique chance to capitalize on the established success of the Walmart Supercenter and the surrounding commercial activity. The property is classified as commercial land and is ready for immediate development. Detailed site plans and zoning information are available upon request. This is an exceptional opportunity for investors seeking a high-traffic location in a growing North Carolina market. The property's address is Hwy 401 & Hwy 56, Louisburg, NC 27549, within Franklin County.

    Property Features for 0 Hwy 401 & Hwy 56

    General Information

    Property type
    Land
    Lot Size
    81,457 SF

    HighLights

    • 1.87‑acre commercial outparcel in Louisburg, NC.
    • Features two existing buildings: 1,200 SF (Space B7) and 4,400 SF (Space A7‑9).
    • High‑visibility location at Hwy 401 & Hwy 56, near a Walmart Supercenter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Louisburg
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.3033243
    Latitude
    36.0864538

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    FAQs

    What type of property is this?
    Land - Prime NC commercial land near Walmart.
    Where is this land located?
    The property is located at Hwy 401 & Hwy 56 Louisburg, NC.
    What are key features of this property?
    This property features: 1.87-acre commercial outparcel in Louisburg, NC.; Features two existing buildings: 1,200 SF (Space B7) and 4,400 SF (Space A7-9).; High-visibility location at Hwy 401 & Hwy 56, near a Walmart Supercenter.
    (919) 401-5500
    Request Owner's contact information
    Hwy 401 & Hwy 56 Louisburg, NC 27549
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    Louisburg, NC 27549
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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
    Hwy 401 & Hwy 56 Louisburg, NC 27549
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