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    OFF-MARKET
    Commercial real estate

    1200 Hwy 24th 27th E, Midland, NC 28107-6422

    6.8 ac lot
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US53-3484210
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    4 Dimensional LLC · 4 yrs held
    4 Dimensional LLC
    since 2022
    Last sale
    $312,500
    6 recorded transactions
    2022
    $312,500
    2018
    2015
    2013
    2010
    2006
    Zoning & alternative use
    LC-SU · Midland, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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