Property profile

3301 Us-17 Chocowinity, NC 27817

OFF-MARKET
Land
2.53 ac lot
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Property summary

AI-generated overview

This exceptional 2.53-acre commercial land parcel in Chocowinity, North Carolina, presents a compelling investment opportunity. Located at 3301 US-17, this property boasts convenient access to the recently reopened Highway 17 bridge spanning the Pamlico River, ensuring smooth traffic flow. Currently zoned R-3, a zoning change to accommodate commercial development is anticipated to be straightforward, given the adjacent commercial zoning and the property's proximity to established businesses. The site is ideally situated across the highway from a Food Lion grocery store and next to two multi-family residential developments, providing high visibility and potential customer traffic. Existing infrastructure includes town water and a septic system, readily adaptable to meet the needs of a new commercial venture. The property's APN is 5664-67-4798 & 5664-67-3812. This location is well-suited for various light commercial uses, such as a mini-storage facility, or other similar ventures. The asking price for this prime development land is $375,000. This represents a rare chance to acquire a strategically positioned parcel in a growing area with excellent potential for return on investment. Don't miss this chance to secure a piece of Chocowinity's vibrant commercial landscape.

Property profile

Verified
Property type Land
Lot 2.53 ac (110,207 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3301 Us-17 Chocowinity, NC 27817
Chocowinity metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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