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    Property profile & analytics
    OFF-MARKET Estimated value $1,070,000
    Strip malls

    701 Fire Tower Rd, Winterville, NC 28590-1359

    10,400 SF 1.14 ac lot Built 2018
    Individually Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-0576953
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 701 FIRE TOWER Road in Winterville, North Carolina, presents a unique investment opportunity. The property encompasses a generous 1.14 acres of land, providing ample space for a variety of commercial ventures. A substantial 1,700 square foot building is situated on the lot, offering immediate potential for use or redevelopment. The building's current configuration is unspecified, allowing for flexible adaptation to suit diverse business needs. The property's location in Winterville offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a strategic location. The asking price of $2691 presents a compelling entry point into the Winterville commercial real estate market. This property is ideal for entrepreneurs and investors looking to establish a presence in a growing community. The substantial land area allows for expansion or the addition of further structures, providing significant long-term growth potential. Given the size of the building and the land, this property is suitable for a range of commercial uses, from retail to light industrial, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold "as is." Further due diligence is recommended to fully assess the property's potential.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2018
    Total area 10,400 SF
    Lot 1.14 ac (49,658 SF)
    Zoning code GB
    APN 55197
    UPID US53-0576953
    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
    • Regional Finance Loan Service
    • Pizza Hut Take-out & Catering
    • Edward Jones - Financial Advisor: Larry Whittington II Financial Advisor
    • IT Wireless Computer & Electronic Repair Tech Support Center
    • Edward Jones - Financial Advisor: Josh Sweeley, CFP®|AAMS™ Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.29M
    Blend (final) Blend
    $1.07M
    Owner & transaction history
    Te C Tseng · 9 yrs held
    Te C Tseng
    since 2016
    4 recorded transactions
    2017
    2016
    $400,000
    2006
    $400,000
    1995
    Zoning & alternative use
    GB · Winterville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $1.8M +81.1%
    Restaurant $1.7M +78.9%
    Medical building $1.3M +30.8%
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