202 Doctor Donnie H Jones Jr Blvd W - Supermarket FOR SALE


Princeton, NC 27569
$995,000 USD
919-585-5321
202 Doctor Donnie H Jones Jr Blvd W, Princeton, NC for Sale
$995,000 USD
Supermarket - FOR SALE
1/6
null | Request Cap Rate

202 Doctor Donnie H Jones Jr Blvd W
Princeton, NC 27569


HIGHLIGHTS

  • Priced well below replacement cost
  • Property has had a single owner and use since construction
  • With the grocery trade fixtures removed and the open interior structure, this Property can be easily repurposed.
  • Seller owns adjacent residential property (206 Elm St) and if Buyer is interested will consider including it in the sale
  • Seller is motivated and will entertain all reasonable offers.

OVERVIEW

This former Piggly Wiggly grocery is located in the heart of Princeton NC at the corner of Dr Donnie H Jones Jr Blvd and Pine St, just under a mile from US 70 Hwy. Princeton like other towns in Johnston County is experiencing growth as part of the Triangle region trend. The building has a steel frame with concrete block walls covered with insulation and a brick skin and is in great condition. A new membrane roof was installed approximately two years ago. There is an 11 foot by 50 foot metal building attached to the back of the primary building which houses a cooler and freezer accessible from inside the primary building (not included in square footage calculation). Selected Placer.ai data for three Traffic Pins is included in the Property Brochure and the balance available upon request. Grocery trade fixtures convey with the Property at Buyer's discretion. This Property is a true "Plug & Play" opportunity for a small grocery operator.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,220 SF

ZONING

C-2

APN/PARCEL ID

04010015C

ASK ABOUT THIS PROPERTY

Jim PerriconePartners Commercial Realty, LLCMore Info
919-585-5321

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Jim PerriconePartners Commercial Realty, LLCMore Info
919-585-5321

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