Property summary
This exceptional 1,280 square foot retail property, situated on a 0.996-acre lot in Norwood, North Carolina, presents a compelling investment opportunity. Located at 528 Fork Rd, 28128, this single-story, 1973-built building boasts a convenient location off Highway 52, near a grocery-anchored center. Previously utilized as a gas station and more recently a fish market, the property offers versatile potential for redevelopment. The existing structure is currently partially occupied by a month-to-month ice vending company lease. Two underground fuel tanks remain on the site. The property is zoned for commercial use and features a convenient location with high visibility. The asking price is $379,000. The APN is 656302759907. This property is ideal for a variety of retail uses, including but not limited to, quick-service restaurants (QSR), convenience stores, or auto shops. Its prime location and flexible zoning make it an attractive prospect for entrepreneurs and investors seeking a high-return opportunity in a thriving North Carolina market. The property's history as a gas station and fish market demonstrates its adaptability to various commercial ventures. The existing lease provides immediate income potential, while the vacant space allows for customization and expansion. This is a rare chance to acquire a well-positioned retail property with significant upside potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General business district (GB and GB-CD) .................................................. III-5 (J) Light manufac…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
H-B · Norwood, NC(H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General business district (GB and GB-CD) .................................................. III-5 (J) Light manufac…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General business district (GB and GB-CD) .................................................. III-5 (J) Light manufac…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for H-B in Norwood, NC.
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