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Property profile & analytics
OFF-MARKET
Commercial real estate

1750 Lap Rd Conover, NC 28613

45.9 ac lot
Property ID
US53-1847777
Property summary
AI-generated overview

This exceptional 45.9-acre parcel in Conover, North Carolina, presents a unique investment opportunity. Strategically located along Interstate 40 West, between exits 133 (Rock Barn Road) and 132 (Thornburg Drive/Hwy 16), this property boasts an average daily traffic count exceeding 45,500 vehicles. The land is zoned R-20 (Residential) and B-2 (Commercial), with the city of Conover indicating a future plan for industrial zoning. This flexibility allows for a wide range of development possibilities, including large-scale retail, corporate offices, or a mixed-use development. Its prime location, coupled with convenient access via a dedicated access road (Lap Road) connecting to Rock Barn Road, makes it highly attractive. Existing infrastructure is readily available, with sewer mains running along the eastern boundary and water and sewer mains located within 200 feet of the property line on Lap Road (refer to the provided utility map for details). The property's size and zoning make it ideal for a variety of commercial and residential projects, aligning perfectly with the city's future land development plans. The APN is 374212968400. The asking price is $2,590,000.

Property profile
Verified
Property type Commercial real estate
Lot 45.9 ac (1,999,404 SF)
APN 374212968400
UPID US53-1847777
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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