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Property profile & analytics
OFF-MARKET
Land

1503 Cinema Dr Statesville, NC 28625

1.08 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.08-acre commercial land parcel, located at 1503 Cinema Drive in Statesville, North Carolina, presents a remarkable investment opportunity. Priced at $350,000, this property boasts a highly desirable location within the Eastside Center, surrounded by established businesses including Village Inn Pizza, Flow Nissan, Outback Steakhouse, Courtyard by Marriott, and Hampton Inn. The property is zoned CU-26 and B-4, allowing for a variety of commercial uses, making it ideal for retail development or quick-service restaurants (QSR). This interior lot offers excellent visibility and accessibility. Potential buyers should be aware that the property is subject to easements, covenants, conditions, and restrictions (CC&Rs) established for the Eastside Center. The precise details of these CC&Rs are available upon request. Situated in Iredell County, North Carolina, with a zip code of 28625, this property offers convenient access to major transportation routes and a thriving community. The coordinates are 35.7829324 latitude and -80.8622973 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a high-traffic area with significant growth potential. Don't miss out on this chance to secure a prime piece of Statesville real estate.

Property profile
Verified
Property type Land
Lot 1.08 ac (47,045 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Village Inn Pizza Cinema Drive Restaurant
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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