1409 Nc 16th Hwy Conover, NC 28613-8948
This exceptional two-acre commercial property presents a unique investment opportunity in the thriving Conover, North Carolina market. Located at 1409 N NC 16 Hwy, this versatile land parcel is zoned for retail, industrial, and flex uses, offering significant flexibility for a variety of development projects. The property's prime location provides easy access to Interstate 40, ensuring excellent connectivity and visibility. Situated just off Highway 16, it benefits from proximity to a vibrant retail corridor anchored by established businesses such as Walmart, Dollar Tree, Zaxby's, and Burger King, guaranteeing high traffic flow and strong consumer presence. The land is priced at $125,000 per acre, reflecting its strategic location and development potential within a rapidly growing area. Adding to its appeal, the property's proximity to Lyle Creek Parkway offers access to green space and a walking trail, enhancing its overall desirability. This is an exceptional chance to capitalize on the burgeoning commercial landscape of Conover, NC. The property's versatility, strategic location, and attractive price point make it an ideal investment for both established businesses and forward-thinking developers. Contact us today to explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
COI · Conover, NCConover. Always verify with local authorities before improvements.
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.