1330 Dixie DrAsheboro, NC 27203

Property Details for 1330 Dixie Dr

Year built

1981

Lot size

6.35 AC

Property size (Sq ft)

60,392 SF

Zone code

B2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

7760694501

APU

7760694501

Description

This exceptional 0.68-acre commercial land parcel presents a unique investment opportunity in Asheboro, North Carolina. Strategically located at 1330 E. Dixie Drive, this property boasts high visibility and accessibility, situated behind Aldi and Harbor Freight Tools. The site benefits from its proximity to a thriving retail corridor, including prominent anchors such as Food Lion, Hobby Lobby, and Marshalls. Furthermore, its adjacency to Randolph Mall, home to Cinemark, Belk, and Dunham's Sports, ensures consistent high foot traffic and strong consumer presence. The property comprises two parcels: Parcel 7760690028 (0.18 acres) and Parcel 7760694012 (0.50 acres), totaling 0.68 acres. This prime location offers significant potential for various commercial developments, capitalizing on the area's robust retail environment and strong consumer base. The property's address is 1330 E. Dixie Drive, Asheboro, NC 27203, within Randolph County. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area. The property's location offers unparalleled access to a dense population and significant consumer spending power. This makes it an ideal site for a variety of commercial ventures. The combined parcels offer flexibility in development plans, allowing for a range of possibilities to suit diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $9,739,796

  6.5%

  $8,990,581

  7%

  $8,348,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,317,652

  Geo Method

  $34,933,196

• Alternative Use

  Use

  Valuation

  Residential

  $7,583,891

  Hospitality

  $6,946,804

  Educational

  $5,779,659

  Medical

  $5,978,430

  Retail

  $8,990,581

Location Insight

City

Asheboro

County

Randolph

State

North Carolina

Latitude

35.697

Longitude

-79.7866

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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