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Property profile & analytics
OFF-MARKET
Office buildings

1409 Nc 16th Hwy Conover, NC 28613-8948

4,700 SF 35.73 ac lot Built 1994
Entity Owned 1-yr Hold Free & Clear
Property ID
US53-1377485
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Total area 4,700 SF
Lot 35.73 ac (1,556,399 SF)
Zoning code COI
APN 3742-06-47-9539
UPID US53-1377485
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
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Owner & transaction history
Mavis Southeast LLC · 1 yrs held
Mavis Southeast LLC
since 2024
Last sale
$380,000
5 recorded transactions
2024
$380,000
2024
Price N/A
2023
$322,500
2019
Price N/A
2012
Price N/A
Zoning & alternative use
COI · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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