This exceptional 8.03-acre commercial property presents a unique investment opportunity in Statesville, North Carolina. Strategically located directly across from the Statesville Regional Airport, this land boasts unparalleled visibility and convenient access to Interstate 40, a major transportation artery. The property is already conditionally zoned for mini-storage and RV storage facilities, based on a concept plan included in the supplemental documents. Importantly, this development project has received full approval from the City of Statesville, streamlining the path to construction and operation. This eliminates significant hurdles often associated with new commercial developments, saving time and resources. The site is situated within a rapidly growing commercial area, promising strong future returns on investment. The absence of existing structures allows for complete design flexibility, enabling the creation of a facility tailored to market demands. Given its prime location, zoning approvals, and the potential for high-demand storage units, this property represents a compelling opportunity for investors seeking a turnkey development project with significant upside potential in a thriving commercial corridor. The readily available documentation provides comprehensive details on the approved development plan, ensuring a smooth and efficient transition from acquisition to operational phase. This is a rare chance to acquire a fully approved commercial development site in a prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$96,555,808
Hospitality
$88,444,608
Educational
$73,584,872
Medical
$76,115,568
Retail
$114,465,360
Location Insight
City
Statesville
County
Iredell
State
North Carolina
Latitude
35.7685
Longitude
-80.9502
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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