Property profile

0 Pinewood Rd Granite Falls, NC 28630

OFF-MARKET
Land
6.3 ac lot
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Property summary

AI-generated overview

This 6.3-acre commercial land parcel in Granite Falls, North Carolina, presents a significant investment opportunity. Boasting 2,000 feet of road frontage on four sides, the property enjoys incredible visibility along US 321-S, a major thoroughfare with a traffic count exceeding 30,000 vehicles daily, according to NCDOT estimates. Its strategic location at a signalized intersection, adjacent to established businesses like McDonald's and O'Reilly Auto Parts, makes it ideal for a variety of commercial developments. The property is zoned Hwy Bus (Highway Business/General Commercial), allowing for diverse uses, including a gas station, business complex, or, potentially, multi-family housing with appropriate down-zoning. The land can be subdivided into one-acre parcels, each priced at $450,000, providing flexibility for investors. While deed restrictions are in place, preventing certain types of restaurants, detailed restrictions are available upon request. The property's APN is 2775890461. This prime location and zoning make this a compelling opportunity for commercial development in a high-traffic area. The asking price for the entire 6.3-acre parcel is $2,250,000.

Property profile

Verified
Property type Land
Lot 6.3 ac (274,428 SF)

Cap rate & NOI

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

Location

Pinewood Rd Granite Falls, NC 28630
Granite Falls metro
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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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