9468 Us Hwy 70th E Princeton, NC 27569-7896
- Investment properties
- 1,960 SF
- 3.08 lot acres
Current Use by Public Records
- Investment properties
Property Details for 9468 Us Hwy 70th E
- Year built
- 1956
- Lot size
- 3.08 lot acres
- Property size
- 1,960 SF
- Zone code
- COW
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04Q08012H
- APU
- 04Q08012H
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $215,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $230,000
- Mixed-Use
- $195,000
- Hospitality
- $180,000
- Educational
- $225,000
- Residential Income
- $215,000
- Energy
- $175,000
- Income-Based Land
- $210,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.1408
- Latitude
- 35.4571
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
