Property profile

800 Fire Tower Rd Winterville, NC 28590

OFF-MARKET
Land
17 ac lot
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Property summary

AI-generated overview

This exceptional 17-acre commercial land parcel presents a unique investment opportunity in Winterville, NC. Located at 800 E Fire Tower Rd, this CG-zoned property boasts a strategic location, offering unparalleled visibility and accessibility. The site benefits from completed stormwater management, installed water and sewer infrastructure, and a signaled intersection, ensuring seamless development. Two acres have already been acquired by the city for a new fire station, further enhancing the area's appeal. Situated on Fire Tower Road, between Arlington Blvd and Old Tar Road/Evans St, this property is poised to capitalize on the growth of this rapidly developing area. The recent widening of Fire Tower Road to five lanes and the presence of nearby upper-end residential neighborhoods, including Class A and B apartments, create a strong foundation for future development. The property's proximity to major retailers such as Walmart Neighborhood Market, Food Lion, Harris Teeter, Lidl, Sam's Club, and Lowe's, along with its convenient location within a 20-minute drive of ECU Health's Medical Campus and East Carolina University, further solidifies its investment potential. The asking price is $10,200,000, representing $600,000 per acre (excluding corner lot pricing unless a larger tract is purchased). Detailed site mapping is available upon request. This is an exceptional opportunity to acquire a highly desirable commercial property in a thriving market.

Property profile

Verified
Property type Land
Lot 17 ac (740,520 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

800 Fire Tower Rd Winterville, NC 28590
Winterville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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