87 Hwy, Cameron, NC 28326
This exceptional 6-acre commercial land parcel presents a prime development opportunity in the thriving Spout Springs area of Cameron, North Carolina. Situated on the heavily trafficked NC Highway 87 corridor, this property boasts approximately 560 feet of road frontage, ensuring excellent visibility for any commercial venture. With a 2017 traffic count of 35,000 AADT (NCDOT), this location offers unparalleled access to a large consumer base. The property is conveniently located across from The Oaks of Northgate, providing immediate proximity to established residential communities. Ideal for a variety of uses, including retail, restaurants, grocery stores, or medical facilities, this site is ready for development. Utilities are readily available, including water and sewer. A Phase 1 Environmental Site Assessment and a recorded plat are on file for your review. The property's zoning is commercial and may be subdividable under the right circumstances. Its strategic location offers a short commute to both Spring Lake and Sanford, further enhancing its appeal and potential for significant return on investment. This is a rare opportunity to acquire a highly visible and well-located commercial property in a rapidly growing area. Don't miss out on this exceptional investment prospect. The asking price is $2,000,000.
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
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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.