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Property profile & analytics
OFF-MARKET
Land

0 James Ave Locust, NC 28097

1.99 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.99-acre commercial land parcel is ideally situated along Highway 24/27 in Locust, North Carolina, boasting over 20,500 vehicles per day. The property's HC (Highway Commercial) zoning allows for diverse development options, making it perfect for a variety of retail uses, including a car wash or quick-service restaurant. Its strategic location is surrounded by numerous national retailers such as Walmart, Starbucks, McDonald's, Burger King, Jersey Mike's, and Taco Bell, ensuring high visibility and foot traffic. The site is also adjacent to several new retail establishments, including a future Zaxby's, a new Mavis Tire & Brakes, Cookout, Burger King, and Highway 55, creating a thriving commercial hub. Across the street, you'll find Stanly Community College and Atrium Health Imaging Center, further enhancing the area's appeal. The property offers the potential for parcel subdivision, providing flexibility for developers. This area demonstrates strong growth potential, with a projected 9.5% increase within a 3-mile radius over the next five years and an average household income of $85,000. The asking price for this remarkable opportunity is $1,595,000. This property presents a unique investment chance in a rapidly growing market. The address is James Avenue, Locust, NC 28097.

Property profile
Verified
Property type Land
Lot 1.99 ac (86,684 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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