Property profile

407 Main St Lowell, NC 28098

OFF-MARKET
Commercial real estate
Property ID
US53-0965181
0.34 ac lot Built 1970
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7-acre commercial development site in Lowell, North Carolina, presents a lucrative investment opportunity. Located at 407 S Main St, this property boasts convenient access to Interstate 85 via Exit 22, and is also minutes from Highway 74, ensuring high visibility and accessibility. The land is comprised of seventeen tax parcels, offering flexibility for various development plans. The primary use is envisioned as commercial development, capitalizing on the strategic location and high traffic volume. A secondary use, such as a hotel, motel, or retail center, is also considered viable given the area's needs and potential. The asking price is $2,478,000, translating to $300,000 per acre, reflecting the significant value and potential return on investment. This property's prime location and substantial acreage make it an ideal choice for developers seeking a high-impact project in a rapidly growing area. The site's proximity to major transportation arteries ensures easy access for both employees and customers, maximizing its commercial potential. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity. The property is zoned for commercial use and offers significant potential for future growth and development.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Lot 0.34 ac (14,810 SF)
APN 128298
UPID US53-0965181

Cap rate & NOI

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

Location

407 Main St Lowell, NC 28098-1922
Lowell metro Census 31303 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN 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 2023
1 recorded transaction
2023
Price N/A

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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