0 James Ave Locust, NC 28097
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.
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
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