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    OFF-MARKET
    Land

    56 Hwy 401 & Hwy, Louisburg, NC 27549

    1.87 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 1.87 ac (81,457 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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