780 Leonard Ave Albemarle, NC 28001
This exceptional 1.3-acre commercial land parcel presents a prime investment opportunity in Albemarle, North Carolina's thriving Olive Place Plaza. Located at 780 Leonard Ave, 28001, this property offers unparalleled visibility and accessibility off Highway 24/27, boasting an impressive 24,000 AADT. The site is situated within a robust retail environment, shadow-anchored by a Walmart and complemented by a strong lineup of established businesses including Hobby Lobby, TJ Maxx, PetSmart, Ross Dress for Less, Kay Jewelers, Hwy 55 Burgers, East Coast Wings, Pizzantica Italian Restaurant, Metro PCS, and Pretty Please Boutique. Olive Place Plaza, constructed in 2015, provides ample parking for customers and patrons. This outparcel is available for immediate sale or offers the flexibility of a build-to-suit option, catering to a variety of development plans. The asking price is $525,000. This location provides exceptional exposure and benefits from the established success of the surrounding retail center, making it an ideal site for a new commercial venture. Seize this opportunity to establish your business in a high-traffic, high-growth area.
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Ross Dress for Less Men'S Clothing Store Shoe Store
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Hobby Lobby (Bike/Boat/Book/etc) Store
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NuHygh Health and Wellness Alternative Medicine Practice
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TagWorks (Bike/Boat/Book/etc) Store Pet Store & Service
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East Coast Wings + Grill Restaurant
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
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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.