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    OFF-MARKET
    Commercial real estate

    Red Cross Rd, Oakboro, NC 28129

    51.08 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1900
    Lot 51.08 ac (2,225,045 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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