0 Lowes Dr Pittsboro, NC 27312
This exceptional 0.69-acre commercial land parcel is ideally situated in Pittsboro, North Carolina, at 0 Lowes Drive, zip code 27312. Zoned C-2, this property presents a unique investment opportunity due to its strategic location near the intersection of Highways 15-501 and 64, offering high visibility and accessibility. The site is directly off the main road leading into downtown Pittsboro and enjoys adjacency to a major retail center and proximity to the large Powell Place residential and mixed-use development. A significant 140-acre residential development site is located directly behind the property. Furthermore, the property benefits from its close proximity to the thriving Chatham Park master development, a 7,120-acre project encompassing 20,000 residential units and 2,000,000 square feet of corporate space. Within a half-mile radius, the successful Penguin Place retail center, featuring nationally recognized tenants, and the Mosaic mixed-use development (including retail, multi-family, office, and hospitality) are further testament to the area's robust growth. Nearby retail establishments include BB&T, Exxon, Lowe's Home Improvement, Taco Bell, McDonald's, and Citgo. The property's location offers easy access to Chapel Hill (15 minutes), Cary (20 minutes), and Apex (20 minutes), making it an attractive proposition for a wide range of commercial ventures. The asking price for this exceptional property is $650,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.