Property profile

0 Broadway Rd Sanford, NC 27332

OFF-MARKET
Land
8.7 ac lot
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Property summary

AI-generated overview

This exceptional 8.7-acre commercial land parcel presents a unique investment opportunity in Sanford, North Carolina. Strategically located at the entrance to the soon-to-open Lee County Sports Complex and directly off US Highway 421 Southbound, this property boasts unparalleled visibility and accessibility. Its General Business and Light Industrial zoning allows for a diverse range of development options, including restaurants, fast food establishments, retail spaces, and hotels. The proximity to the new sports complex ensures a consistent influx of visitors, including traveling sports teams and their families, creating a robust customer base. This is a particularly advantageous location due to its proximity to sewer lines, making it the only readily developable exit off the US 421 bypass around Sanford. The property's APN is 9662-42-2162-00. The asking price is $3,250,000. This is a rare chance to capitalize on the significant growth potential driven by the new sports complex and its high-traffic location. Don't miss this opportunity to secure a prime piece of commercial real estate in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 8.7 ac (378,972 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Broadway Rd Sanford, NC 27332
Sanford metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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