100 Island Ford Rd, Maiden, NC 28650
For Sale
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This exceptional 9.61-acre commercial property, located at 100 Island Ford Road in Maiden, North Carolina (zip code 28650), presents a remarkable investment opportunity. The 3,515 square foot office building, constructed in 1946, sits on a prime corner lot boasting approximately 590 feet of frontage on Island Ford Road and 815 feet on Capricorn. This high-visibility location benefits from an annual average daily traffic count of 7,300 vehicles. The property is zoned C-2, offering a wide range of development possibilities, including but not limited to duplexes, multi-family residential, additional office space, event venues, daycare facilities, parks, or even a school. Alternatively, with renovations, the existing five-bedroom, two-bathroom structure could be converted into a single-family residence. The property features a septic tank, although city sewer access is available. City water is currently connected. Its strategic location provides easy access to essential amenities, including a drugstore, grocery store, shopping centers, and restaurants, all within a half-mile radius. Furthermore, it enjoys convenient proximity to Charlotte (less than an hour) and Hickory (less than thirty minutes). The asking price is $1,350,000, translating to $384.07 per square foot. The seller is willing to consider dividing the property. The parcel number is 364607689666. Note that property lines depicted in any associated imagery are approximate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.