Property profile

9468 Us Hwy 70th E Princeton, NC 27569

OFF-MARKET
Investment properties
Property ID
US53-1450890
1,960 SF 3.08 ac lot Built 1956
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

9468 Us Hwy 70th E Princeton, NC 27569-7896
Princeton metro Census 40501 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2022
Last sale
$275,000
3 recorded transactions
2022
$275,000
2017
$10,000
2016
Price N/A

Zoning & alternative use

COW · Princeton, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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