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Property profile & analytics
OFF-MARKET
Land

0 Main St Locust, NC 28097

2.02 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.02-acre commercial land parcel presents a remarkable opportunity for investors and developers. Strategically located on Highway 24/27 (West Main Street) in Locust, North Carolina, this property boasts exceptional visibility due to its placement on the main road into town, experiencing approximately 27,000 vehicles daily. The land is currently vacant, featuring some trees that could potentially yield timber. Locust is experiencing significant growth, creating a welcoming environment for new businesses. Essential utilities are readily accessible, including water and natural gas (tap fees apply). Sewer availability is subject to approval from the City of Locust. The current owners, who have held the property for over a year, are willing to assist with any necessary rezoning to facilitate a smooth transition for the new owner. The property is zoned HB. This prime location, coupled with the seller's commitment to a seamless process, makes this an ideal investment for a variety of commercial, industrial, or residential ventures. Don't miss this chance to establish your presence in a thriving North Carolina community.

Property profile
Verified
Property type Land
Lot 2.02 ac (87,991 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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