Property profile

701 Jake Alexander Blvd Salisbury, NC 28147

OFF-MARKET
Retail properties & Spaces
2.06 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.06 ac (89,734 SF)

Cap rate & NOI

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

Location

701 Jake Alexander Blvd Salisbury, NC 28147
Salisbury 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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