24/87 Nc Hwy Cameron, NC 28326
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.
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
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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.