Property profile

0 Nc Hwy 41 & Tobacco Rd Wallace, NC 28466

OFF-MARKET
Land
1.14 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 1.14 ac (49,658 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nc Hwy 41 & Tobacco Rd Wallace, NC 28466
Wallace metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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