Property profile

1 Tramway Rd & Hwy Sanford, NC 27332

OFF-MARKET
Retail properties & Spaces
1 SF 12.64 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, situated at the high-traffic intersection of Tramway Road and Highway 1 in Sanford, North Carolina, presents a unique investment opportunity. The property encompasses a total land area ranging from 1.3 to 2.69 acres, offering significant flexibility for development. Currently zoned for retail use, this site boasts a total building square footage of 1 square foot, with 1 square foot currently vacant. The property's location in Lee County, zip code 27332, provides excellent visibility and accessibility, making it ideal for a variety of retail businesses. Seven individual spaces are available, providing options for multiple tenants or a single large-scale development. The expansive 12.64 acres of land offer ample room for expansion or the addition of complementary businesses. This prime location in Sanford offers high traffic counts and proximity to residential areas, ensuring a strong customer base. The property's versatility and strategic location make it an attractive prospect for investors seeking a high-return investment in a thriving North Carolina market. This is a rare opportunity to acquire a significant retail property in a rapidly growing area. The property is ready for immediate development or lease.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 12.64 ac (550,598 SF)

Cap rate & NOI

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

Location

1 Tramway Rd & Hwy Sanford, NC 27332
Sanford metro
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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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