206-216 Commerce Ave - Storefront Retail/Office FOR SALE


Southern Pines, NC 28387
$2,500,000 USD
910-690-1065
206-216 Commerce Ave, Southern Pines, NC for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 2.08% Cap Rate

206-216 Commerce Ave
Southern Pines, NC 28387


HIGHLIGHTS

  • Fully Leased

OVERVIEW

Value Add opportunity at Yadkin Park, a fully leased, L-shaped, single-story shopping center strategically positioned at the intersection of Commerce Avenue and Turner Street, just seconds from the bustling Highway 15/501 and 211. This prime location ensures high visibility and is bolstered by proximity to well-established businesses such as Walmart, Staples, Goodwill, and Lowe's. The center features a diverse tenant mix, including Qwik Pack & Ship, Bella Vie Hair Studio, Anthony's Barber Shop, and Imagine Moore Events, creating a vibrant shopping environment. Current NOI $51,997 & Cap Rate 2.08%

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

2.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,738 SF

ZONING

GB

APN/PARCEL ID

8571-14-33-6878

ASK ABOUT THIS PROPERTY

Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

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Holly BellCarolina Summit Group, LLCMore Info
910-690-1065

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