37 Cotton Rd Pittsboro, NC 27312
This exceptional 1-acre commercial lot, located at 37 E Cotton Road in Pittsboro, North Carolina (zip code 27312), presents a unique investment opportunity. Situated on a corner lot, this property boasts excellent visibility and accessibility due to its location on Highway 15/501 (SR 1712), a major thoroughfare experiencing a daily traffic count of 10,000 to 20,000 vehicles. The property's strategic position between Pittsboro/Chatham Park and Chapel Hill/Briar Chapel ensures high exposure to a substantial and growing population base. Directly across from Hamlets Chapel Road (SR 1525), this location offers further advantages in terms of connectivity and visibility. The lot is relatively flat, providing ease of development, and features a strong line of sight for optimal signage and branding. The property is zoned R-1. While the site offers significant potential for various commercial ventures, including office, institutional, or small business uses, prospective buyers should note that a private septic system is required as municipal sewer is not available at this location. The seller is open to considering offers contingent upon the approval of the intended use. This is an exceptional opportunity to acquire a highly visible and strategically located commercial lot in a rapidly developing area.
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
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.