633 Patterson St, China Grove, NC 28023
This exceptional 2.79-acre commercial land parcel, located at 633 Patterson St, China Grove, NC 28023 (APN 5626-02-77-5061), presents a unique investment opportunity. Currently zoned OI, the property houses a commercial office building utilized by local radio stations, featuring existing antennas. These antennas could be removed by the seller or potentially repurposed for cell tower use, subject to necessary permits. The property's strategic location offers close proximity to China Grove's Main Street and is enveloped by established residential neighborhoods. Given its current zoning and surrounding context, the highest and best use for this property is likely redevelopment into a small residential neighborhood, presenting significant potential for future growth and value appreciation. The property's size and location make it an attractive prospect for developers seeking to capitalize on the demand for residential housing in this desirable area. Serious inquiries are encouraged to explore the possibilities of this prime piece of land.
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Wrna Radio Station Telecommunications Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
OI:OFFICE INSTITUTIONAL · China Grove, NCChina Grove. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.