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Property profile & analytics
OFF-MARKET
Land

24/87 Nc Hwy Cameron, NC 28326

4.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.6-acre commercial land parcel presents a compelling investment opportunity in the thriving town of Cameron, North Carolina. Strategically situated off Highway 24/87, this property boasts a highly desirable location, just one lot away from the recently constructed Sheetz convenience store, ensuring high visibility and accessibility. The site is zoned RA-20R, aligning with the area's Land Use Plan designating it for Employment Zone/Mixed Use development. This presents a wide range of potential uses, catering to diverse business needs. The property benefits from exceptional traffic counts, with over 35,000 vehicles passing daily on Highway 24/87. Furthermore, the surrounding area demonstrates strong residential growth, boasting over 10,000 households within a 5-mile radius, exhibiting an average annual income of $80,000. This robust demographic profile underscores the significant market potential for any development undertaken on this site. The seller is open to subdividing the property, offering flexibility to potential buyers. This prime location, coupled with favorable zoning and strong market indicators, makes this a truly exceptional opportunity for commercial development in a rapidly growing area. The asking price for this remarkable property is $1,450,000.

Property profile
Verified
Property type Land
Lot 4.6 ac (200,376 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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