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    FOR SALE
    Data centers and call centers

    633 Patterson St, China Grove, NC 28023

    1,476 SF 2.79 ac lot Built 1980
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US53-2114737
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Data centers and call centers
    Use group RADIO OR TV STATION
    Year built 1980
    Construction STEEL FRAME
    Total area 1,476 SF
    Lot 2.79 ac (121,532 SF)
    Zoning code OI:OFFICE INSTITUTIONAL
    APN 123A135
    UPID US53-2114737
    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
    Current use
    Occupant on record · Public records
    • Wrna Radio Station Telecommunications Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ford Broadcasting INC · 7 yrs held
    Ford Broadcasting INC
    since 2019
    2 recorded transactions
    2019
    2019
    Zoning & alternative use
    OI:OFFICE INSTITUTIONAL · China Grove, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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