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    Property profile & analytics
    OFF-MARKET Estimated value $870,000
    Commercial land

    303 Old Amity Hl Rd, Cleveland, NC 27013-8800

    4,560 SF 4.3 ac lot Built 1950
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-1222499
    Property summary
    AI-generated overview

    This exceptional 3.61-acre commercial lot presents a remarkable investment opportunity in Cleveland, North Carolina. Strategically positioned on heavily trafficked Highway 70 (Statesville Boulevard), this property boasts over 700 feet of road frontage, ensuring maximum visibility and accessibility. The lot also offers approximately 800 feet of frontage on Old Amity Hill Road, providing ample space for development. Its prime location directly across from the Daimler Freightliner Plant guarantees a consistent flow of potential customers. The property is part of a thriving commercial area, situated within a shopping center that includes established businesses such as Food Lion, restaurants, an auto parts store, and medical offices. This central location offers easy access to both Statesville and Salisbury, making it an ideal site for a variety of commercial ventures. The expansive size and high visibility of this parcel make it suitable for a wide range of development possibilities, from retail and restaurants to light industrial uses. The existing infrastructure and established commercial environment provide a strong foundation for immediate success. Don't miss this chance to acquire a premier commercial property in a rapidly growing area. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1950
    Total area 4,560 SF
    Lot 4.3 ac (187,308 SF)
    Zoning code GB
    APN 276 028
    UPID US53-1222499
    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
    $710k
    Comparable Approach Comparable
    $961k
    Blend (final) Blend
    $870k
    Owner & transaction history
    THIRD CREEK INV
    THIRD CREEK INV
    Zoning & alternative use
    GB · Cleveland, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $645,000 +10.0%
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