2004 Un Beltway Rd Lake Park, NC 28079
This exceptional 2.42-acre commercial land parcel presents a remarkable development opportunity. Strategically located at 2004 Union Beltway Road in Lake Park, North Carolina, this property boasts convenient access to Highway 74, offering excellent visibility and accessibility. The lot is zoned C-74 (Commercial Route 74), allowing for a variety of commercial uses. Utilities are readily available, simplifying the development process. Previously occupied by a home that has since been demolished, the site is partially cleared, reducing initial site preparation costs. The asking price is $950,000, translating to a land value of $14.23 per square foot. Situated in Union County, North Carolina, with a zip code of 28079, this property offers a compelling investment prospect for developers seeking a prime location with significant potential for growth. The property's proximity to Interstate 485 further enhances its strategic value, providing easy access to a wider regional market. This is a rare opportunity to acquire a well-positioned commercial lot ready for immediate development. Detailed zoning information and utility specifications are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.