Property profile

00 Nc 16 Hwy Denver, NC 28037

OFF-MARKET
Land
19.22 ac lot
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Property summary

AI-generated overview

This exceptional 19.22-acre commercial land parcel presents a unique investment opportunity in Denver, North Carolina. Located on highly visible NC Highway 16, just north of Highway 73, this property boasts excellent accessibility and significant road frontage. The land itself is gently rolling and largely cleared, providing a relatively flat and usable site for immediate development. A key advantage is the pre-approved development plan by Lincoln County (December 2022) for a mini-storage facility. This plan encompasses 154 luxury storage units and a substantial 10,000 square foot flex space building, strategically positioned along the Highway 16 frontage. The approved plans streamline the development process, minimizing potential delays and uncertainties. This property's location, combined with the existing approved plan, offers a compelling opportunity for investors seeking a ready-to-develop site with significant potential for high returns. The asking price is $1,950,000. Further details, including a video presentation, are available upon request. The property is situated in Lincoln County, North Carolina, with a zip code of 28037. This is a rare chance to acquire a prime commercial parcel with approved plans in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 19.22 ac (837,223 SF)

Cap rate & NOI

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

Location

00 Nc 16 Hwy Denver, NC 28037
Denver 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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