Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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