Property summary
This exceptional 51.08-acre property presents a significant investment opportunity in the thriving Red Cross community of Oakboro, North Carolina. Strategically located along Highway 24/27, this expansive tract boasts over 2400 feet of prime highway frontage, ensuring unparalleled visibility and accessibility. The property also benefits from over 400 feet of rear access via Lakewood Road, providing multiple entry points and enhancing development flexibility. Currently zoned H-B, this land offers considerable potential for a variety of commercial or industrial uses. The three parcels comprising this offering are situated east of Highway 24/27 and border West Stanly High School, providing a unique location with high traffic counts and proximity to a significant population center. County water lines run adjacent to Highway 24/27, offering convenient access, although tap fees will apply. A drainage easement and open ditch are present, as detailed in the available survey. This substantial acreage presents a rare chance to acquire a highly visible and versatile property in a rapidly growing area. The property's size, location, and zoning make it an ideal candidate for a wide range of development projects. Detailed information, including the survey, is readily available upon request. The asking price is $1,500,000.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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