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Property profile & analytics
OFF-MARKET
Land

468 Leonard Ave Albemarle, NC 28001

1.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.64-acre commercial land parcel presents a remarkable investment opportunity in Albemarle, North Carolina. Located at 468 Leonard Avenue, this property boasts a highly desirable location, situated adjacent to the Holiday Inn Express and conveniently off Highway 52, ensuring excellent visibility and accessibility. The site is zoned GHBD and features level topography, simplifying development plans. Previously occupied by an Applebee's restaurant, the land has already undergone site preparation, including clearing and filling, making it ready for immediate development. All utilities are readily available at the site. This property's strategic location within a major retail corridor, combined with its prepared state and attractive price point of $379,000, makes it an ideal investment for a variety of commercial ventures. The 1.64-acre size offers ample space for a wide range of development possibilities, capitalizing on the high traffic volume and established commercial presence in the area. Don't miss this chance to acquire a prime commercial lot in a thriving North Carolina market.

Property profile
Verified
Property type Land
Lot 1.64 ac (71,438 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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