Property profile

2509 Lincolnton Hwy Cherryville, NC 28021

OFF-MARKET
Land
0.78 ac lot
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Property summary

AI-generated overview

This 0.78-acre commercial land parcel in Cherryville, NC, presents a unique investment opportunity. Located at 2509 Lincolnton Hwy (approx. 111,000 vehicles per day), it boasts excellent visibility and accessibility off NC-150. The property is situated minutes from the Carolina Lithium project, a significant development anticipated to create substantial job growth and population increase within the renowned Carolina Tin-Spodumene Belt. Its adjacency to a recently opened Scooter's Coffee drives consistent foot traffic, enhancing its commercial viability. This parcel is conveniently located within an Opportunity Zone, offering potential tax advantages for investors. Recent successful developments in the immediate area, including Scooter's Coffee and Main Street Urgent Care (both developed within the last 15 months), demonstrate the area's growth and potential. The accommodating lot size is suitable for a variety of end users. The property's location within Gaston County, NC, zip code 28021, offers a strategic position to benefit from the ongoing migration from urban centers to suburban areas. This is a prime opportunity to capitalize on the burgeoning growth and economic development in this dynamic region of North Carolina.

Property profile

Verified
Property type Land
Lot 0.78 ac (33,977 SF)

Cap rate & NOI

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

Location

2509 Lincolnton Hwy Cherryville, NC 28021
Cherryville 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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