Erwin, NC 28339
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.