2602 Erwin Rd, Dunn, NC 28334
This exceptional 4.5-acre commercial land parcel, located at 2602 Erwin Road in Dunn, North Carolina (zip code 28334), presents a remarkable investment opportunity. Zoned R-6, this level lot offers significant potential for various development projects. With county water and sewer readily available, the site is conveniently situated within Erwin city limits. The property boasts approximately 196,020 square feet and features public road frontage on a two-lane state-maintained road. Utilities including electricity, gas, cable, and telephone are available on-site. Preliminary engineering plans for a 21-home development are available for review (plans not yet submitted for approval), showcasing the land's potential for residential construction. Alternatively, the expansive acreage could accommodate a variety of commercial ventures, including multi-family dwellings, duplexes, or storage facilities. The property is subject to zoning restrictions. An adjacent 2.5-acre parcel is also available for purchase (MLS#10028035). This property is priced at $450,000.
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.