Property profile

1200 Hwy 24th 27th E Midland, NC 28107

OFF-MARKET
Commercial real estate
Property ID
US53-3484210
6.8 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.8 ac (296,208 SF)
Zoning code LC-SU
APN 5534 68 1909
UPID US53-3484210

Cap rate & NOI

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

Location

1200 Hwy 24th 27th E Midland, NC 28107-6422
Midland metro Census 41603 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2022
Last sale
$312,500
6 recorded transactions
2022
$312,500
2018
Price N/A
2015
Price N/A
2013
Price N/A
2010
Price N/A
2006
Price N/A

Zoning & alternative use

LC-SU · Midland, NC

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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