Signalized Hard Corner 2.37 Acres

Property Description

RealINSIGHT Marketplace Online Auction June 26-28, 2023.

All bidders must register with Marketplace to participate in the auction event.

Investment Highlights

Dollar General and Grocer Adjacent 2.37 acres in Salisbury, North Carolina

Favorable Nmx, Neighborhood Mixed Use Zoning with Flexible Uses Permitted including General Retail, Service Station, Restaurant, Office, and others

Nearby Demand Drivers include Father & Son Produce Market, Dollar General, Zaxby's, Aldi, Planet Fitness, Food Lion, and more

Signalized Intersection with Frontage on Both Mooresville Road and Sherrills Ford Road with Combined Traffic Counts of ±18,103 Vpd

Strong Demographics with a 5-Mile Population of ±51,094 and Annual Household Income of ±$65,427

Absolute $1 Auction - NO Reserve.

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present 2.37-Acres located at 2120 Mooresville Road (the “Property”) in Salisbury, North Carolina. The Property offers an exceptional investment opportunity via development and first bid meets reserve.

The Property is vacant land and consists of three contiguous parcels totaling 2.37 acres. The Property is immediately adjacent to Dollar General and a local produce market at the signalized intersection of Sherrills Ford Road and Mooresville Road. Demand generators within two miles of the Property include Father & Son Produce Market, Dollar General, Zaxby's, Aldi, Planet Fitness, Food Lion, and many more. The Property benefits from highly favorable and flexible Neighborhood Mixed Use zoning that allows for a wide variety of commercial uses including general retail, service station, restaurant, office, service establishments, and more.

Located 25 miles northeast of Charlotte, Salisbury is a city in the Piedmont region of North Carolina and is the county seat of Rowan County. Soft drink producer Cheerwine and regional supermarket Food Lion are headquartered in Salisbury and Rack Room Shoes was founded there. As of 2022, there were approximately 51,094 residents with an average household income of $65,427 within a 5-mile radius of the Property.

Jerry E. King

King Auction & Realty Co., Inc.

License: 1010

Nc Broker's license: 22778