Log In/Sign Up
Your email has been sent.
5011 U.S. Rte 1 Hwy
Vass, NC 28394
Land For Sale
·
1.19 AC
INVESTMENT HIGHLIGHTS
- 1.2 acres on US 1 Highway
- Tremendous traffic count
- 4,332 SF tenant occupied building and a billboard lease
EXECUTIVE SUMMARY
*PRICE REDUCED $5,000* Tremendous traffic count (avg daily count up to 34+K), visibility, and easy access from the direct access crossover. 1.2 acres on US 1 Highway, County zoned B2, a 4,332 SF tenant-occupied building and a billboard lease. Priced to sell with a 7% cap rate. A church occupies the left side (lease in place) and the right side is an upholstery business (month to month). Also located in a Highway COD. See MLS docs for details on lease. See MLS docs for this lease that ends in 2026. Well on site, public water available. Roof is less than 1 year old.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 1.19 AC |
| Zoning | B-2 - See documents for zoning information | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.19 AC |
| Zoning | B-2 - See documents for zoning information |
1 LOT AVAILABLE
Lot
| Price | $375,000 | Lot Size | 1.19 AC |
| Price Per AC | $315,126.05 |
| Price | $375,000 |
| Price Per AC | $315,126.05 |
| Lot Size | 1.19 AC |
SIMPSON LAND
DESCRIPTION
Tremendous traffic count (avg daily count up to 34+K), visibility, and easy access from the direct access crossover. 1.2 acres on US 1 Highway, County zoned B2, a 4,332 SF tenant occupied building and a billboard lease. Priced to sell with a 7% cap rate. A church occupies the left side (lease in place) and the right side is an upholstery business (month to month). Also located in a Highway COD. See MLS docs for details on lease. Note that the lessee of the billboard has a right of first refusal on the property. See MLS docs for this lease that ends in 2026. Well on site, public water available. Roof less than 1 year old.
PROPERTY TAXES
| Parcel Number | 9503-00-47-8641 | Improvements Assessment | $50,520 |
| Land Assessment | $273,750 | Total Assessment | $324,270 |
PROPERTY TAXES
Parcel Number
9503-00-47-8641
Land Assessment
$273,750
Improvements Assessment
$50,520
Total Assessment
$324,270
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
