Property summary
This exceptional 6.8-acre commercial land parcel presents a unique investment opportunity in the thriving Midland area of Cabarrus County, North Carolina. Located at 1200 Hwy 24/27, this property boasts a highly desirable LC-SU (Limited Commercial-Special Uses) zoning designation. This zoning allows for a variety of commercial uses while ensuring compatibility with nearby residential areas, providing both convenience and protection. The property's strategic location offers excellent visibility and accessibility from Hwy 24/27, a major thoroughfare. Midland's position within the Charlotte MSA (Metropolitan Statistical Area) provides easy access to a large and diverse population base, with Uptown Charlotte a convenient 35-minute drive away. The parcel's size offers significant development potential for a range of commercial ventures. The APN is 55346819090000. This is a rare chance to acquire a well-situated commercial land tract in a rapidly growing area, offering substantial long-term growth prospects. The asking price for this exceptional property is $1,000,000. Don't miss this opportunity to secure a prime piece of commercial real estate in the heart of Cabarrus County.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LC-SU · Midland, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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