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    OFF-MARKET
    Land

    87 Hwy, Cameron, NC 28326

    6 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 6 ac (261,360 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
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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