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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5262-5264 Us 74 Hwy Whittier, NC 28789

18.04 ac lot Built 1991
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1991
Lot 18.04 ac (785,822 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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