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    565 Turnersburg Hwy Statesville, NC 28625

    Sponsored
    For Sale
    $1,500,000

    Prime 10.82-acre retail site in Statesville, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.82-acre commercial land parcel presents a remarkable investment opportunity in Statesville, North Carolina. Located at 565 Turnersburg Highway (Hwy 21N), this property boasts over 450 feet of road frontage on a major thoroughfare within Statesville's rapidly expanding retail sector. The property's zoning designation is H-B, making it ideally suited for a wide range of commercial developments, including large-scale retail stores, grocery outlets, restaurants, entertainment venues, and more. Built in 1955, this single-story site offers significant potential for new construction or redevelopment. Utilities are readily available, and the topography and drainage are adequate for substantial development. The APN is 4746-43-3764. The asking price for this expansive property is $1,500,000. All existing improvements and personal property are sold "as is" with no assigned value. This prime location and flexible zoning make this a truly exceptional opportunity for investors seeking high-impact commercial development in a thriving market. The property is situated in Iredell County, NC, zip code 28625.

    Property Features for 565 Turnersburg Hwy

    General Information

    Property type
    Retail properties
    Lot Size
    471,319 SF

    Building Details

    Year Built
    1955
    Stories
    1

    HighLights

    • 10.82‑acre commercial land parcel in Statesville, NC.
    • Over 450 feet of road frontage on Hwy 21N.
    • H‑B zoning allows for various commercial uses, including retail and restaurants.
    • $1,500,000 asking price.
    • APN: 4746‑43‑3764.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Statesville
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.8732568
    Latitude
    35.8342079

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    FAQs

    What type of property is this?
    Retail property - Prime 10.82-acre retail site in Statesville, NC
    Where is this retail property located?
    The property is located at 565 Turnersburg Hwy Statesville, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 10.82-acre commercial land parcel in Statesville, NC.; Over 450 feet of road frontage on Hwy 21N.; H-B zoning allows for various commercial uses, including retail and restaurants.
    Request Owner's contact information
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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
    565 Turnersburg Hwy Statesville, NC 28625
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