Property summary
This exceptional 1.14-acre commercial land parcel presents a unique investment opportunity in the thriving town of Wallace, North Carolina. Strategically located at the intersection of South NC Highway 41 and Tobacco Road, this property boasts significant visibility and accessibility. It represents the last remaining opportunity for development adjacent to a Walmart, offering unparalleled exposure to a substantial customer base. The property is available for sale or lease and comes with full approvals already in place for quick-service restaurant (QSR) development, streamlining the permitting process and accelerating your project timeline. This is a particularly attractive proposition given the planned construction of approximately 350 residential units directly across the road, ensuring a robust and growing customer pool for any commercial venture. The convenient location, just 1.2 miles from the Interstate 40 interchange, provides easy access to regional transportation networks, further enhancing its appeal to businesses and investors. This prime location and development-ready status make this a truly exceptional opportunity for significant return on investment. Don't miss out on this chance to secure a piece of Wallace's burgeoning commercial landscape.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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