Current Use by Public Records
- Retail properties & Spaces
Property Details for 5262-5264 Us 74 Hwy
- Year built
- 1991
- Lot size
- 18.04 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional 18.04-acre commercial property presents a unique investment opportunity in Whittier, NC. Strategically located on heavily trafficked US-74 Highway, it boasts 600 feet of road frontage and visibility to approximately 24,000 vehicles daily. Currently generating income from a diverse mix of tenants, including 32 self-storage units, 13 flea market shops, and a billboard, this property offers multiple revenue streams. The existing infrastructure includes ample parking and multiple access points for convenient ingress and egress. Signage opportunities along the busy highway further enhance its commercial appeal. Beyond the existing businesses, the property holds significant potential for expansion and redevelopment. The rear 15.04 acres, featuring graded public right-of-way, are zoned for residential use, opening avenues for constructing and selling single-family homes, thereby increasing the overall return on investment. This presents a compelling opportunity to capitalize on both existing income and future development possibilities. The property utilizes a shared well and a private septic system and is situated within a 500-year floodplain. This prime location in Whittier, nestled in the Great Smoky Mountains along the Tuckasegee River, benefits from the area's thriving tourism and outdoor recreation scene, attracting a steady flow of potential customers and residents. The property's size, location, and diverse income streams make it an attractive investment for those seeking both immediate returns and long-term growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Jackson
- State
- North Carolina
- Longitude
- -83.2948
- Latitude
- 35.3912
