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James Avenue - Hwy 24/27 Locust NC | Retail Development Site

1.99 Acres of Commercial Land Offered at $1,595,000 in Locust, NC 28097

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Investment Highlights

1.985 ACs available along Hwy 24/27 (20,500+ VPD) with the ability to subdivide parcels
Parcels sit among several new retail uses including a future Zaxby’s, brand new Mavis Tire & Breaks, Cookout, Burger King, Highway 55 and more
Area within 3-mile radius projected to grow 9.50% over the next 5 Years and features an average household income of $85,000

Surrounded by numerous national retailers, including Walmart, Starbucks, McDonalds, Burger King, Jersey Mikes, Taco Bell, etc
Ideal location for car wash, quick-service restaurant, or similar retail uses
Zoned as HC (Highway Commercial), allowing for versatile commercial development options

Executive Summary

This 1.985-acre property is strategically located along Hwy 24/27, which sees over 20,500 vehicles per day, with the potential to subdivide parcels for various uses. The area is surrounded by numerous national retailers, including Walmart, Starbucks, McDonald's, Burger King, Jersey Mike's, and Taco Bell, as well as newer additions like a future Zaxby’s, Mavis Tire & Brakes, Cookout, and Highway 55. The location is ideal for a car wash, quick-service restaurant, or similar retail businesses. Within a 3-mile radius, the area is projected to grow by 9.50% over the next five years, with an average household income of $85,000. Additionally, Stanly Community College and Atrium Health Imaging Center are situated directly across the street. Zoned as Highway Commercial (HC), this property offers versatile commercial development opportunities.

MECA - Hwy 24_27 Locust NC Land

Hwy 24-27 Locust_Land_04

Property Facts

Price	$1,595,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Mixed Use Storefront, Retail or Office Storefront, Retail or Residential
No. Lots	1	Total Lot Size	1.99 AC
Property Type	Land

Price	$1,595,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Mixed Use Storefront, Retail or Office Storefront, Retail or Residential
Total Lot Size	1.99 AC

1 Lot Available

Lot

Price	$1,595,000	Lot Size	1.99 AC
Price Per AC	$801,508

Price	$1,595,000
Price Per AC	$801,508
Lot Size	1.99 AC

This 1.99-acre lot, zoned Highway Commercial (HC), is ideally located along Hwy 25/27 with over 20,500 vehicles passing by daily. Positioned adjacent to a Walmart Supercenter, this prime location offers excellent visibility and accessibility for a va

Description

This 1.985-acre property, zoned as Highway Commercial (HC), offers versatile commercial development opportunities in a rapidly growing area. With the surrounding 3-mile radius projected to grow by 9.50% over the next five years and an average household income of $85,000, the location is ideal for a car wash, quick-service restaurant, or similar retail uses. The property is situated along Hwy 24/27, which sees over 20,500 vehicles per day, and is surrounded by new and established retail, including a future Zaxby’s, a brand new Mavis Tire & Brakes, Cookout, Burger King, and Highway 55. The lot also offers the flexibility to subdivide parcels, enhancing its appeal for various commercial ventures.

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zoning

Zoning Code	HC (Highway Commercial)
HC (Highway Commercial)

Listing ID: 32788559
Date on Market: 8/13/2024
Last Updated:
Address: James Avenue, Locust, NC 28097

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James Avenue, Locust, NC for sale Primary Photo- Image 1 of 6 — Hwy 24_27 Locust_Land_03

James Avenue, Locust, NC for sale Building Photo- Image 2 of 6 — Hwy 24_27 Locust_Land_032

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James Avenue, Locust, NC for sale Building Photo- Image 5 of 6 — Hwy 24_27 Locust_Land_033

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