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Property profile & analytics
FOR SALE
Retail space

Conover, NC 28613

2,091 SF 0.47 ac lot Built 2003
Entity Owned Free & Clear
Property ID
US53-2008351
Property summary
AI-generated overview

This exceptional commercial property presents a unique investment opportunity in a thriving Conover, NC location. Situated on a 3.49-acre lot, this well-maintained building offers 2,075 square feet of versatile space, perfect for a variety of professional uses. Its strategic location less than a mile from Interstate 40 and the heart of Conover ensures unparalleled accessibility and high visibility, attracting significant foot and vehicle traffic. The property boasts ample parking, catering to both employees and clients. Its proximity to key commercial and residential areas further enhances its appeal and potential for growth. The high-traffic location guarantees excellent exposure, maximizing your business's reach and long-term value. This is an ideal opportunity for businesses seeking a prominent presence in a rapidly developing area. The 0.47-acre parcel offers significant potential for future expansion or development. The building's current condition is excellent, minimizing upfront investment and allowing for immediate occupancy. This property is priced at $640,000 and represents a strong return on investment for discerning buyers. Don't miss this chance to secure a prime commercial location in a rapidly growing market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction CONCRETE BLOCKS
Total area 2,091 SF
Lot 0.47 ac (20,473 SF)
Zoning code P-1
APN 3741-05-28-2965
UPID US53-2008351
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
Current use
Occupant on record · Public records
  • Ronald R. Harwell, RPH Pharmacy
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
CONOVER DRUG COMPANY INC
CONOVER DRUG COMPANY INC
Zoning & alternative use
P-1 · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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