Property profile

3229 Business Hwy Denver, NC 28037

OFF-MARKET
Commercial real estate
1,310 SF 1.78 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional 1.78-acre commercial lot presents a unique investment opportunity in the rapidly growing Denver, NC market. Boasting 1,310 square feet of existing building space and an impressive 267 feet of road frontage on NC Highway 16 Business, this property offers unparalleled visibility and accessibility. The strategic location on a section of Highway 16 with a reduced speed limit creates a prime opportunity for impactful signage and advertising, maximizing exposure to a high volume of daily traffic. Denver's expanding economy and the influx of new residential communities and businesses make this property exceptionally desirable. The substantial road frontage is a rare commodity in this thriving area, presenting significant potential for a variety of commercial ventures. This is a chance to capitalize on Denver's growth trajectory and secure a prominent position in a burgeoning market. The existing building provides a solid foundation for immediate use or redevelopment, offering flexibility to suit a range of business needs. Don't miss this exceptional opportunity to acquire a high-impact commercial property in a prime location. Priced at $1,600,000.

Property profile

Verified
Property type Commercial real estate
Year built 1955
Total area 1,310 SF
Lot 1.78 ac (77,537 SF)

Cap rate & NOI

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

Location

3229 Business Hwy Denver, NC 28037
Denver metro
Google Maps

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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