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    FOR LEASE
    Grocery and convenience stores

    1330 E Dixie Dr, Asheboro, NC 27203

    60,392 SF 6.35 ac lot Built 1981
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-1911269
    Property summary
    AI-generated overview

    This exceptional 0.68-acre commercial land parcel presents a unique investment opportunity in Asheboro, North Carolina. Strategically located at 1330 E. Dixie Drive, this property boasts high visibility and accessibility, situated behind Aldi and Harbor Freight Tools. The site benefits from its proximity to a thriving retail corridor, including prominent anchors such as Food Lion, Hobby Lobby, and Marshalls. Furthermore, its adjacency to Randolph Mall, home to Cinemark, Belk, and Dunham's Sports, ensures consistent high foot traffic and strong consumer presence. The property comprises two parcels: Parcel 7760690028 (0.18 acres) and Parcel 7760694012 (0.50 acres), totaling 0.68 acres. This prime location offers significant potential for various commercial developments, capitalizing on the area's robust retail environment and strong consumer base. The property's address is 1330 E. Dixie Drive, Asheboro, NC 27203, within Randolph County. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area. The property's location offers unparalleled access to a dense population and significant consumer spending power. This makes it an ideal site for a variety of commercial ventures. The combined parcels offer flexibility in development plans, allowing for a range of possibilities to suit diverse business needs.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1981
    Total area 60,392 SF
    Lot 6.35 ac (276,606 SF)
    Zoning code B2
    APN 7760694501
    UPID US53-1911269
    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
    Current use
    Occupant on record · Public records
    • Harbor Freight Tools Building Supply Hardware & Home Improvement
    • Furniture Market Warehouse Furniture & Home Goods Home Decor Store
    • Zoo City Bargain Outlet Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.93M
    Blend (final) Blend
    $5.29M
    Owner & transaction history
    U S REALTY 87 ASHEBORO ASSOCIATES
    U S REALTY 87 ASHEBORO ASSOCIATES
    Zoning & alternative use
    B2 · Asheboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $7.6M +48.4%
    Restaurant $7.3M +43.5%
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    More about this property
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