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    OFF-MARKET
    Investment properties

    9468 Us Hwy 70th E, Princeton, NC 27569-7896

    1,960 SF 3.08 ac lot Built 1956
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1450890
    Property summary
    AI-generated overview

    This exceptional 3.1-acre commercial land parcel presents a unique investment opportunity in Princeton, North Carolina. Strategically located on the highly trafficked US Highway 70 East, this property boasts an impressive Average Annual Daily Traffic (AADT) of 26,000 vehicles, ensuring high visibility and accessibility. The site features a substantial paved pad accommodating a pre-existing 30x25 metal building, perfect for immediate use or redevelopment. A large fenced yard provides ample secure space, complemented by an additional expansive side yard ideal for equipment storage or expansion. Existing utilities include water and electric connections. While a non-habitable brick house is present on the property, its condition is not suitable for habitation. The property is zoned C3, offering a wide range of potential commercial uses. This location offers unparalleled exposure and convenience, making it an ideal site for a variety of businesses seeking a high-traffic location in a growing community. The property's existing infrastructure and ample space provide a solid foundation for immediate occupancy or future development, presenting a compelling opportunity for investors and entrepreneurs alike. The parcel's location on US-70 ensures easy access for customers and employees, while the C3 zoning provides flexibility for a diverse range of commercial ventures. The combination of high traffic, existing infrastructure, and flexible zoning makes this a truly exceptional commercial property. The property's Assessor's Parcel Number (APN) is 04Q08012H.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1956
    Total area 1,960 SF
    Lot 3.08 ac (134,165 SF)
    Zoning code COW
    APN 04Q08012H
    UPID US53-1450890
    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
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    Owner & transaction history
    Jc Princeton LLC · 4 yrs held
    Jc Princeton LLC
    since 2022
    Last sale
    $275,000
    3 recorded transactions
    2022
    $275,000
    2017
    $10,000
    2016
    Zoning & alternative use
    COW · Princeton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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