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Property profile & analytics

Red Cross Rd Oakboro, NC 28129

  • Commercial real estate
  • 51.08 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for Red Cross Rd

Year built
1900
Lot size
51.08 lot acres
Property type
Commercial real estate

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Oakboro
County
Stanly
State
North Carolina
Longitude
-80.3549
Latitude
35.2676
More about this property
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