339 College Ave, Shelby, NC 28152
This exceptional 1.026-acre commercial lot presents a remarkable investment opportunity in Shelby, North Carolina. Located at 339 W College Ave, this property is ideally situated within walking distance of Gardner-Webb University's campus, offering unparalleled access to a thriving student population and a vibrant community. The property's B-1 zoning allows for a wide range of commercial and medical office uses, providing significant flexibility for potential development. The surrounding area is characterized by a mix of multi-family residential properties and medical offices, creating a dynamic and desirable environment. All utilities are readily available, simplifying the development process. The lot's convenient location and versatile zoning make it an attractive prospect for entrepreneurs and investors alike. The average annual income in the immediate area is $95,663, indicating a strong and stable local economy. This property is owned by ABC of NC LLC and is priced competitively at $100,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.
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.