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Property profile & analytics
FOR SALE
Retail properties & Spaces

1461 S Main St Randleman, NC 27317

2.46 ac lot
Property ID
US53-1668968
Property summary
AI-generated overview

This exceptional 2.46-acre commercial property, located at 1461 S Main Street in Randleman, NC, presents a unique investment opportunity. Zoned B-2, this parcel boasts over 530 feet of road frontage, ensuring maximum visibility and accessibility for any commercial venture. The land has been recently cleared and graded, significantly reducing development costs and expediting the construction process. The site previously housed a home, with existing well and septic systems in place, offering potential flexibility for future development. City water and sewer connections are readily available across the street, with approvals already secured for hook-up. The flat topography of the lot simplifies construction and maximizes usable space. A significant advantage is the property's adjacency to a parcel already approved for multi-family development, creating a built-in customer base and potential for synergistic ventures. This prime location in Randleman's opportunity zone offers substantial potential for growth and return on investment. The property's size, location, and existing infrastructure make it an ideal site for a variety of retail businesses seeking high visibility and convenient access. This is a rare opportunity to acquire a ready-to-develop commercial lot in a thriving area. The asking price is $375,000.

Property profile
Verified
Property type Retail properties & Spaces
Lot 2.46 ac (107,158 SF)
UPID US53-1668968
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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