Property profile

0 Us-29 China Grove, NC 28023

OFF-MARKET
Land
3.27 ac lot
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Property summary

AI-generated overview

This exceptional 3.27-acre commercial land parcel is strategically located in China Grove, North Carolina, on US Highway 29. Boasting over 500 feet of highway frontage, this property offers unparalleled visibility and accessibility to a high volume of traffic (AADT exceeding 17,000). The parcel is partially cleared and zoned HB - Highway Business, making it ideal for a variety of commercial developments, including medical or retail uses. Its strong location provides convenient access to Charlotte, Statesville, and the Triad region. On-site utilities are readily available. The property's advantageous position near the State Employees Credit Union and Novant Health, and its proximity (1.9 miles) to Interstate 85, further enhances its appeal. A powerline easement offers potential for efficient site planning, including parking and green space. The parcel number is 129 144. This is a remarkable opportunity to capitalize on the growth and high traffic count of this desirable location. The asking price is $440,000, representing a price per acre of $152,294.

Property profile

Verified
Property type Land
Lot 3.27 ac (142,441 SF)

Cap rate & NOI

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

Location

Us-29 China Grove, NC 28023
China Grove 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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