701 Jake Alexander Blvd, Salisbury, NC 28147
This exceptional 2.06-acre commercial lot is ideally situated at 701 S Jake Alexander Blvd in Salisbury, North Carolina, Rowan County (zip code 28147). The property is designated for retail use and offers a single-tenant opportunity. Its location within the Charlotte MSA provides excellent access to a substantial consumer base. Salisbury, the county seat of Rowan County, boasts a rich history and a thriving economy, anchored by major employers such as Food Lion, Novant Health Rowan Medical Center, and the W.G. (Bill) Hefner VA Medical Center. The city's strategic location, approximately 50 minutes from both Charlotte and Greensboro, enhances its accessibility and appeal. Furthermore, the recent establishment of a large Chewy distribution center just five miles away along I-85 signifies significant economic growth in the area, promising increased traffic and potential for future development. This property presents a unique chance to establish a retail presence in a dynamic and historically significant North Carolina city. The site's ample acreage allows for considerable flexibility in development plans, catering to a variety of retail concepts. This is a rare opportunity to acquire a substantial parcel of land in a rapidly growing market. The property's address is easily accessible and visible from a major thoroughfare.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.