Property profile

0 Barnes Dr Erwin, NC 28339

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 4.12-acre commercial land parcel presents a unique investment opportunity in Erwin, North Carolina. Strategically located at the highly visible, lighted intersection of East Jackson Boulevard and NC Highway 55/82, this property boasts exceptional visibility and accessibility. A 2022 independent traffic study documented a robust average daily traffic count of 19,000 vehicles, underscoring its significant commercial potential. The site features direct access to both East Jackson Boulevard and Barnes Drive, providing convenient ingress and egress for customers and employees. Soil borings are on file, revealing highly favorable soil conditions, simplifying development plans. The property is zoned for Highway Business, allowing for a diverse range of commercial uses, including retail and service businesses. This flexibility makes it an ideal location for a variety of ventures seeking high visibility and convenient access to a substantial daily traffic flow. The asking price is $1,350,000. This prime location and favorable zoning regulations make this an exceptional opportunity for investors seeking a high-return commercial property in a growing area. The property's size and location offer significant potential for development and long-term growth. Don't miss this chance to acquire a highly desirable commercial land parcel in a thriving market.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Barnes Dr Erwin, NC 28339
Erwin 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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