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    OFF-MARKET
    Retail space

    2243 Lincolnton Hwy, Cherryville, NC 28021

    714 SF 0.52 ac lot Built 1988
    Individually Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1700224
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1988
    Total area 714 SF
    Lot 0.52 ac (22,651 SF)
    Zoning code RET03
    APN 159032
    UPID US53-1700224
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Nicole G Reulecke · 8 yrs held
    Nicole G Reulecke
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    RET03 · Cherryville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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