Property profile

406 Phifer Rd Kings Mountain, NC 28086

OFF-MARKET
Commercial land
Property ID
US53-2801490
2.13 ac lot
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.93-acre commercial land parcel, located at 406 Phifer Road in Kings Mountain, North Carolina, presents a unique investment opportunity. Zoned AU Comm, this property boasts high traffic counts and excellent visibility, making it ideal for a variety of commercial ventures. Situated just half a mile from Kings Mountain High School and Atrium Health hospital, it benefits from a strategic location near essential amenities. Grocery stores, restaurants, and pharmacies are all within close proximity, ensuring convenient access for potential businesses and their customers. Please note that a portion of the property facing Phifer Road will require a reconfiguration to allow for driveway recombination with the adjacent property (Parcel no: 13691). This adjustment will be offset by the addition of acreage to the northwest section, maintaining the overall 1.93-acre lot size. The property's prime location and high visibility, coupled with its proximity to key community institutions and everyday conveniences, make it an attractive proposition for developers and investors seeking a strong foothold in a thriving area. The asking price for this exceptional commercial land is $225,000. The property's zip code is 28086, and it is situated in Cleveland County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.13 ac (92,678 SF)
Zoning code GB
APN 13689
UPID US53-2801490

Cap rate & NOI

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

Location

406 Phifer Rd Kings Mountain, NC 28086-3721
Kings Mountain metro Census 950400 SHELBY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

GB · Kings Mountain, NC

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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