5 Pensacola Rd Burnsville, NC 28714
- Commercial real estate
- 4.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5 Pensacola Rd
- Year built
- 1947
- Lot size
- 4.37 lot acres
- Property type
- Commercial real estate
Description
This exceptional 4.37-acre commercial property presents a unique investment opportunity in the thriving town of Burnsville, North Carolina. Strategically located at a bustling intersection with triple road frontage along US Highway 19E Bypass, Pensacola Road, and East Main Street, this versatile land offers unparalleled exposure and accessibility. The property is zoned C-2 Commercial, allowing for a wide range of development possibilities, including stand-alone retail, mixed-use developments incorporating residential spaces, or hospitality projects such as hotels or motels. The site is comprised of two tracts, Tract 1 encompassing 3.23 acres and Tract 2 covering 1.14 acres, as detailed in the provided survey. Currently, seven structures are situated on the property, including a store building and a brick house, all leased on a month-to-month basis, generating a current monthly rental income of $5,350. It's important to note that the seller provides no warranties on the existing structures. This prime location, combined with its high traffic volume and flexible zoning, makes this an outstanding opportunity for significant returns in a dynamic and growing market. The asking price for this exceptional commercial property is $2,550,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burnsville
- County
- Yancey
- State
- North Carolina
- Longitude
- -82.28707
- Latitude
- 35.91599
