200 Spring Ave - Freestanding FOR SALE


Spring Lake, NC 28390- Pine Forest
$895,000 USD
910-829-1617
200 Spring Ave, Spring Lake, NC for Sale
$895,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

200 Spring Ave
Spring Lake, NC 28390
Pine Forest


HIGHLIGHTS

  • 2,100 SF commercial building with adjacent 0.53-acre lot
  • ATM lease on 112 Spring Ave parcel
  • C3 & CB zoning, allowing flexible commercial uses
  • High-visibility location near Dunkin', Verizon and hotels
  • Close to Fort Bragg, the largest U.S. military base
  • Strong traffic counts and easy accessibility

OVERVIEW

This 2,100-square-foot commercial property at 200 Spring Ave. is available alongside the adjacent lot at 112 Spring Ave., totaling approximately 0.53 acres. Previously home to a Cumberland ABC store, the site is well-suited for a range of retail and commercial uses. The parcel at 112 Spring Ave. includes an ATM with an active lease generating $1,500 annually, with two renewal terms remaining and scheduled annual increases—offering a built-in revenue stream for investors. Zoned C3 for the main building and CB for the adjacent lot, the property allows for flexible development opportunities in a well-trafficked area. High visibility and accessibility make this an ideal location for businesses looking to establish or expand their presence. The property is surrounded by national and regional retailers, including Dunkin’, Verizon, and several major hotel brands, ensuring strong consumer traffic and demand. Located near Fort Bragg, the largest military base in the U.S., the area benefits from a robust economy supported by military personnel, their families, and civilian employees. Its proximity to key commercial hubs enhances visibility, while nearby residential communities provide a steady customer base. The area is well connected to major roadways, making it easily accessible for both local and transient customers. Whether for an owner-user or an investor, this site offers an excellent balance of stability and growth potential in a dynamic commercial setting.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

CROSS STREETS

N Bragg Blvd

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

C3

APN/PARCEL ID

0501-75-9886

ASK ABOUT THIS PROPERTY

Vishal NandwaniGrant-Murray Real Estate LLCMore Info
910-829-1617

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Vishal NandwaniGrant-Murray Real Estate LLCMore Info
910-829-1617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.