257 Nc-16 Denver, NC 28037
Exceptional commercial development opportunity in Denver, North Carolina, awaits. This 2.31-acre parcel boasts 130 feet of frontage along heavily trafficked NC-16 (20,000 vehicles per day), situated at a lighted intersection directly across from a Publix shopping center. The property's strategic location offers unparalleled visibility and accessibility, surrounded by a robust concentration of national retailers including Harris Teeter, Aldi, Food Lion, Walmart, Lowe's, Starbucks, McDonald's, Burger King, Jersey Mike's, Taco Bell, and Zaxby's. The site is zoned General Business (B-G), providing flexibility for diverse commercial development options. This area demonstrates strong growth potential, with a projected 18% population increase within a 3-mile radius over the next five years and an average household income of $126,000. Adding to its appeal, Lake Norman, North Carolina's largest man-made lake, is less than two miles away. The asking price is $1,150,000. This presents a unique chance to capitalize on a thriving retail market in a rapidly expanding community.
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.