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Property profile

349 King St King, NC 27021

Commercial real estate
Property ID
US53-3506046
View Sample
1,968 SF 1 ac lot Built 1947
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 0.48-acre commercial lot presents a prime development opportunity in the thriving town of King, North Carolina. Located at 349 E King Street, this property boasts a highly desirable B2 zoning classification, opening doors to a wide range of commercial ventures. Its strategic position on a busy thoroughfare ensures high visibility and accessibility, maximizing potential for attracting customers and clients. The lot is conveniently situated directly across the street from a popular restaurant, further enhancing its appeal and potential for synergistic business relationships. The availability of city water and sewer services simplifies the development process, eliminating the need for costly infrastructure investments. This turnkey lot offers a rare chance to establish a successful business in a vibrant and growing community. The property's size and zoning make it suitable for a variety of commercial uses, from retail spaces to small-scale offices or service businesses. Serious inquiries are encouraged to explore the possibilities this exceptional commercial lot offers. Act quickly, as opportunities like this are seldom available.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1947
Construction WOOD
Total area 1,968 SF
Lot 1 ac (43,560 SF)
Zoning code B-2
APN 690213134721
UPID US53-3506046

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2026
1 recorded transaction
2026
$40,000

Zoning & alternative use

B-2 · King, NC
Zoning description

The intent of the B-2 general business district is to provide areas along the thoroughfares and collector streets for commercial uses, particularly the retailing of goods and services

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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More about this property
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