101 Calloway Rd King, NC 27021
This exceptional 87,120 square foot mixed-use property, located at 101 Calloway Rd, King, NC 27021, presents a unique investment opportunity. Situated on a 2-acre corner lot within King city limits, this stabilized investment is priced at $350,000 ($4.02/sq ft). Currently vacant, the property boasts B-2 zoning, offering diverse development potential. Ideal uses include a pharmacy, restaurant, storefront, or a combination of 4-6 smaller retail units, or office/medical space. Existing infrastructure is in place, including a water meter and sewer line, simplifying development. A current survey is readily available for review. This prime location provides excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. Don't miss this chance to acquire a substantial property in a thriving North Carolina community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.