528 Fork Rd Norwood, NC 28128
- Commercial real estate
- 1,280 SF
- 1.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 528 Fork Rd
- Year built
- 1973
- Lot size
- 1.00 lot acres
- Property size
- 1,280 SF
- Zone code
- H-B
- Property type
- Commercial real estate
- APN
- 656302759907
- APU
- 656302759907
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $165,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $170,000
- Mixed-Use
- $215,000
- Hospitality
- $205,000
- Educational
- $155,000
- Residential Income
- $155,000
- Energy
- $160,000
- Income-Based Land
- $210,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Norwood
- County
- Stanly
- State
- North Carolina
- Longitude
- -80.112
- Latitude
- 35.2176
- CBSA code
- 10620
- CBSA name
- ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA