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    OFF-MARKET
    Retail properties & Spaces

    701 Jake Alexander Blvd, Salisbury, NC 28147

    2.06 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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