2243 Lincolnton Hwy, Cherryville, NC 28021
This exceptional commercial property encompasses approximately 0.94 acres of land situated on the highly visible Lincolnton Highway in Cherryville, North Carolina. The property is comprised of two contiguous parcels, offering flexibility for development or expansion. Its strategic location is a significant advantage, being just half a mile from a major retail anchor, the Cherryville Walmart, ensuring high visibility and convenient access for potential customers. The property is zoned B3 Commercial, providing a wide range of permitted uses. City water and sewer services are readily available, simplifying the development process and reducing infrastructure costs. The high traffic count on Lincolnton Highway guarantees significant exposure for any business established on this site. This presents a rare opportunity to acquire a well-positioned commercial property in a thriving area, ideal for a variety of commercial ventures. The 714 square foot building offers potential for immediate use or redevelopment. The combined factors of location, zoning, and infrastructure make this a compelling investment opportunity. Serious inquiries are encouraged to explore the potential of this prime commercial land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RET03 · Cherryville, NCCherryville. 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.