Property profile

0 Mimosa St Cleveland, NC 27013

OFF-MARKET
Land
57.17 ac lot
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Property summary

AI-generated overview

This exceptional 57.168-acre parcel of commercially zoned industrial land presents a significant investment opportunity in Cleveland, North Carolina. Located in Rowan County, at 0 Mimosa Street, zip code 27013, this property boasts a strategic location offering unparalleled access to major transportation arteries. Situated between Interstates 77 and 85, with Interstate 40 also conveniently nearby, this site provides seamless connectivity to regional and national markets. The property is approximately 50 minutes from Charlotte, NC, 45 minutes from the Triad region, and within two hours of the Triangle area, ensuring efficient logistics and distribution capabilities. Priced at $3,715,920, or $65,000 per acre, this represents a compelling value proposition for developers and investors seeking a substantial land holding in a rapidly growing area. The site is serviced by readily available utilities, including water, sewer, gas, and electric, simplifying development plans. Furthermore, the potential for rail spur access to the Norfolk Southern Railway adds another layer of logistical advantage, making this property ideally suited for a wide range of industrial and commercial uses. This is a rare opportunity to acquire a large, strategically located industrial land parcel with excellent infrastructure and connectivity.

Property profile

Verified
Property type Land
Lot 57.17 ac (2,490,238 SF)

Cap rate & NOI

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

Location

Mimosa St Cleveland, NC 27013
Cleveland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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