Property profile

0 Us Highway 17 South Mills, NC 27976

OFF-MARKET
Commercial real estate
26.17 ac lot
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Property summary

AI-generated overview

This exceptional 26.17-acre commercial land parcel presents a significant investment opportunity in South Mills, North Carolina. Strategically located on Highway 17, this property boasts approximately 1750 feet of frontage along Highway 17 and Traders Lane, and approximately 525 feet of road frontage on Landing Way and Culpepper Lane. The property is zoned Highway Commercial, allowing for a wide range of development possibilities. A key feature is the high daily traffic count of 14,000 vehicles, coupled with over 600 homes within a three-mile radius, ensuring strong potential for commercial success. The property is divisible, offering flexibility for various development scenarios. Note that a portion of the land, approximately 2 acres at the corner of Highway 17 and Culpepper Lane, is under contract for the construction of a Dollar General. The remaining acreage is priced at $125,000 per acre, with a premium of $200,000 per acre for parcels situated at the intersection of Highway 17 and Landing Way. The property's APN is 017080000732930000, and it is owned by Camden Square Associates of NC LLC. This prime location and zoning make this a highly attractive investment for developers and businesses seeking high visibility and accessibility.

Property profile

Verified
Property type Commercial real estate
Lot 26.17 ac (1,139,965 SF)
APN 017080000732930000

Cap rate & NOI

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

Location

Us Highway 17 South Mills, NC 27976
South Mills metro
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Value estimations

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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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