224 Nc-24 Midland, NC 28107
This 1,600 sq ft vacant mixed-use building in Midland, NC, sits on a 0.58-acre lot with high visibility on busy Highway 24/27 (21,000+ vehicles per day) and easy I-485 access. Zoned C 24/27, it allows for various commercial and retail uses, previously housing a hair salon and church. The single-story building features a walk-out basement offering substantial storage or expansion potential, plus a wraparound driveway. An adjacent +/- 1-acre parcel (12250 Hartwood Rd) is also available for purchase, presenting opportunities for increased parking or further commercial development (currently residentially zoned, with potential for commercial rezoning). The asking price is $500,000. This redevelopment opportunity presents significant potential for investors seeking high-traffic exposure and diverse usage options. The property's versatile zoning, ample space, and convenient location make it an attractive investment prospect.
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
Similar Nearby for Lease
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.