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Property profile & analytics
OFF-MARKET
Commercial real estate

500 Us Highway 1 Norlina, NC 27563

Individually Owned 3-yr Hold
Property ID
US53-4698394
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 500 US Highway 1 in Norlina, North Carolina, presents a unique opportunity for entrepreneurs and investors. Priced at $65,000, this property offers significant potential for a variety of commercial ventures. The existing cement block building features a main area, an office space, and a bathroom, providing a solid foundation for immediate development. The building's adaptable layout lends itself to diverse uses, including a grill/restaurant, catering facility, car detailing business, hair salon, or nail spa. The possibilities are numerous, allowing for creative adaptation to suit your specific business needs. The property boasts a convenient paved parking lot, ensuring ample space for customers and employees. Its prime location in downtown Norlina, situated directly on the main street (US Highway 1), guarantees high visibility and accessibility, maximizing exposure to potential clientele. This is a rare chance to establish a thriving business in a desirable location within a vibrant community. The property's zip code is 27563, and its coordinates are 36.4460283 latitude and -78.1947154 longitude. The county is Warren County. The land itself has no listed square footage or units. Don't miss this chance to bring your vision to life in this thriving North Carolina town.

Property profile
Verified
Property type Commercial real estate
UPID US53-4698394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Timothy D Nuss · 3 yrs held
Timothy D Nuss
since 2022
1 recorded transaction
2022
$30,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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