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    OFF-MARKET
    Commercial real estate

    Erwin, NC 28339

    5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5-acre property presents a unique investment opportunity for developers and discerning investors. Located in Erwin, NC, at 0 Nc-217 Unit 0, this expansive lot is zoned B1, offering a wide range of potential uses. The property's significant size provides ample space for various development projects, catering to a diverse range of commercial ventures. Its strategic location within Erwin offers convenient access to essential amenities and infrastructure, enhancing its overall appeal and potential for future growth. The availability of water and sewer services in close proximity significantly streamlines the development process, reducing potential hurdles and accelerating project timelines. This translates to a considerable advantage for developers seeking a streamlined and efficient development experience. The asking price of $165,000 represents a compelling entry point into the Erwin commercial real estate market, offering significant potential for substantial returns on investment. Given the property's size, zoning, and location, this presents a rare opportunity to acquire a prime development site in a growing area. Serious inquiries are encouraged to explore the full potential of this remarkable property and its significant development possibilities. The absence of existing structures allows for complete design flexibility, enabling the creation of a project tailored to specific needs and market demands. This presents a blank canvas for innovative and profitable commercial development.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 5 ac (217,800 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
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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