Property profile

310 W Church St Richfield, NC 28137

FOR SALE
Motels
Property ID
US53-2058444
3,726 SF 1.14 ac lot Built 1956
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.58-acre commercial property, located at 310 W Church Street in Richfield, NC, presents a remarkable investment opportunity. Situated on a highly visible corner lot at a main intersection, this property boasts three convenient ingress and egress points, ensuring optimal accessibility for customers and employees. The expansive lot size offers significant development potential, catering to a wide range of commercial ventures. Envision the possibilities: a thriving apartment complex, a bustling retail center, a much-needed gas station, a convenient car wash, or a popular restaurant. The property's strategic location within a rapidly expanding area guarantees high visibility and strong potential for return on investment. This is an unparalleled chance to capitalize on the remarkable growth trajectory of Richfield, NC. The asking price is $1,500,000. Serious inquiries only. The property is currently vacant and ready for immediate development. Don't miss this exceptional chance to secure a prime commercial location in a booming market.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1956
Total area 3,726 SF
Lot 1.14 ac (49,658 SF)
Zoning code H-B
APN 662201380869
UPID US53-2058444

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

310 W Church St Richfield, NC 28137
Richfield metro Census 930101 ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2012
2 recorded transactions
2012
Price N/A
2010
Price N/A

Zoning & alternative use

H-B · Richfield, NC
Zoning description

The HB district is a commercial district designed to serve the special needs of the traveling public, provide space for indoor and outdoor recreation and other limited commercial activities requiring large lots. This dis…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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