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Property profile & analytics
OFF-MARKET
Land

1234 Nc-16 Conover, NC 28613

2.69 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.69-acre commercial land parcel is ideally situated at 1234 N NC 16 Hwy in Conover, NC, 28613. Boasting over 175 feet of road frontage directly off Highway 16 and conveniently located near I-40 Exit 132, this property offers unparalleled visibility and accessibility. Zoned CC, it's perfect for retail and service businesses. The high-traffic location, across from a Walmart shopping center, sees an average daily traffic count of 9,200 vehicles (RPR 2023). Municipal water is available at the street, and sewer access is located at the rear of the property. This presents a significant opportunity for commercial development, further enhanced by the availability of two adjacent parcels (not included in this price): PID #374211560058 (2.36 acres) and PID #374210454578 (11.38 acres), allowing for expansion or the creation of a larger commercial development. The area is rich with amenities, including numerous dining, retail, hotel, and office options within a one-mile radius. Enjoy proximity to recreational destinations such as Rock Barn Country Club and Spa (5 miles), Lake Hickory (10 miles), and Lake Norman (25 miles), while remaining conveniently close to Charlotte Douglas International Airport (45 miles). Conover, with approximately 8,500 residents, is part of the Hickory MSA, the sixth-largest in North Carolina, and benefits from excellent access to major transportation arteries including I-40, US Route 70, US Route 321, and NC Hwy 16. This is a prime opportunity for investors seeking a high-visibility location in a thriving area. The asking price is $399,900.

Property profile
Verified
Property type Land
Lot 2.69 ac (117,176 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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