511 Main St Albemarle, NC 28097
This exceptional 1.66-acre commercial land parcel presents a remarkable investment opportunity in the thriving town of Locust, North Carolina. Boasting over 500 feet of road frontage on heavily trafficked Highway 24/27 (W. Main Street), this property enjoys a prime location directly across from the Locust town center and near the intersection of Highway 200, experiencing a daily traffic count of 24,500 vehicles. The property features two convenient curb cuts for easy access, making it exceptionally suitable for a diverse range of commercial ventures, including restaurants, retail establishments, or office spaces. Currently zoned HC, the land includes existing city water and sewer connections, a significant advantage for future development. While a tenant-occupied house is situated on the property (month-to-month lease), it is sold as-is with no assigned value. The property's APN numbers are 557503217731, 557503216667, 557503218850, and 557503218893. The asking price for this strategically positioned commercial land is $724,900. This is a rare chance to capitalize on Locust's burgeoning growth and establish a thriving business in a high-visibility location.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.