2720 Dixon Blvd, Shelby, NC 28152
This exceptional 8.07-acre commercial property in Shelby, North Carolina, presents a unique investment opportunity. Located at 2720 W Dixon Blvd, this strategically positioned land boasts 432 feet of high-visibility frontage on Highway 74 West, just 355 feet east of a four-way signalized intersection. The property is conveniently situated within the city limits of Shelby, only 4.2 miles due west of the uptown courthouse. The land is dually zoned: 3.11 acres are zoned GB-2 (General Business Two), offering excellent potential for commercial development, while the remaining 4.96 acres are zoned R-20 (Residential 20), allowing for residential development options. Currently, the site features a 2,128 square foot manufactured home, previously used as a sales and display center, and a 20-foot high metal pylon sign. City water is available on-site, and a septic system, permitted for a three-bedroom, two-bathroom home, is already installed. The property includes three parcels: 28876, 28877, and 28897. High traffic volume and excellent visibility make this an ideal location for a variety of commercial ventures, while the residential zoning provides additional flexibility. An aerial drone video is available for viewing. The asking price for this prime property is $495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.