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    FOR LEASE
    Commercial real estate

    528 Fork Rd, Norwood, NC 28128

    1,280 SF 1 ac lot Built 1973
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2178190
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1973
    Total area 1,280 SF
    Lot 1 ac (43,560 SF)
    Zoning code H-B
    APN 656302759907
    UPID US53-2178190
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Christopher G Campbell · 4 yrs held
    Christopher G Campbell
    since 2022
    Last sale
    $130,000
    2 recorded transactions
    2022
    $130,000
    2012
    Zoning & alternative use
    H-B · Norwood, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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