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    OFF-MARKET
    Commercial real estate

    1162 Hwy 16 Hwy, Stanley, NC 28164

    0.91 ac lot Built 1948
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1162 Highway 16 in Stanley, North Carolina, presents a unique investment opportunity. Priced at $325,000, the offering encompasses a substantial 0.91-acre lot, including parcels 9 and 19, and an existing house. Its prime location boasts high visibility, situated less than two miles from the heavily trafficked intersection of Highways 16 and 73, and within ten miles of Interstate 485, ensuring excellent accessibility and exposure. Currently zoned for Neighborhood Business use, this versatile property offers significant potential for a variety of commercial ventures. The property features a convenient concrete driveway and is handicap accessible. The septic tank was recently serviced in 2023. While the property has a Stanley address, it's conveniently located in Lincoln County. According to the seller, the zoning allows for the addition of another structure, provided it doesn't exceed the size of the existing building. This presents a rare chance to acquire a substantial parcel in a high-traffic area with the potential for expansion. The combination of location, size, and zoning makes this an attractive proposition for discerning investors seeking a foothold in a thriving commercial corridor.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1948
    Lot 0.91 ac (39,640 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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