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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

565 Turnersburg Hwy Statesville, NC 28625

10.82 ac lot Built 1955
Property ID
Property summary
AI-generated overview

This exceptional 10.82-acre commercial land parcel presents a remarkable investment opportunity in Statesville, North Carolina. Located at 565 Turnersburg Highway (Hwy 21N), this property boasts over 450 feet of road frontage on a major thoroughfare within Statesville's rapidly expanding retail sector. The property's zoning designation is H-B, making it ideally suited for a wide range of commercial developments, including large-scale retail stores, grocery outlets, restaurants, entertainment venues, and more. Built in 1955, this single-story site offers significant potential for new construction or redevelopment. Utilities are readily available, and the topography and drainage are adequate for substantial development. The APN is 4746-43-3764. The asking price for this expansive property is $1,500,000. All existing improvements and personal property are sold "as is" with no assigned value. This prime location and flexible zoning make this a truly exceptional opportunity for investors seeking high-impact commercial development in a thriving market. The property is situated in Iredell County, NC, zip code 28625.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1955
Lot 10.82 ac (471,319 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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