Property profile

165 Julian Pl Troutman, NC 28166

OFF-MARKET
Commercial land
Property ID
US53-0380191
1.06 ac lot
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1-1.2 acre commercial lot in Troutman, NC, presents a unique investment opportunity. Situated on Highway 21, near I-77 exit 42, this level, cleared parcel boasts high visibility and accessibility. The property is zoned HB and offers significant frontage (215 ft) and depth (228 ft), ideal for a variety of commercial uses. Its strategic location within a growth corridor benefits from substantial traffic volume, with 58,000 average daily traffic (ADT) on I-77 and 18,000 ADT on Highway 21. The asking price is $675,000, translating to a land value of $12.73 per square foot. The property's APN is 4740871134. This is a rare chance to acquire a well-positioned commercial lot in a thriving area with excellent potential for significant return on investment. Don't miss this opportunity to establish your business in a prime location with exceptional visibility and convenient access to major transportation arteries. The property is located at 165 Julian Pl, Troutman, NC 28166, in Iredell County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.06 ac (46,217 SF)
Zoning code HB
APN 4740-87-1123.000
UPID US53-0380191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

165 Julian Pl Troutman, NC 28166-8819
Troutman metro Census 61202 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

HB · Troutman, NC
Zoning description

DISTRICT OI NC CB LC HB LI & HI Office and Institutional Neighborhood Center Central Business Local Commercial Highway Business Industrial 1. DEVELOPMENT HI is Conditional Only A. Maximum Density 4 dwelling units/acre no…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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