
136 S 3rd St
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136 S 3rd St
2,438 SF 100% Leased Retail Building Smithfield, NC 27577 $400,000 ($164.07/SF) 6% Cap Rate



EXECUTIVE SUMMARY
Sales price: $400,000
2,438 square feet Storefront for SALE
Investors wanted - in heart of Smithfield next to the Courthouse.
Cap Rate 6% Current Lease 3 yr term with renewals.
Perfect for Retail or Professional Business Office.
PRIME RETAIL/Office Location in the Heart of Smithfield.
Property Features:
• Heavy daytime foot traffic from Courthouse
• Located on S. 3rd Street with heavy drive-by traffic
• Public Parking nearby The property was completely updated and renovated in 2021.
2,438 square feet Storefront for SALE
Investors wanted - in heart of Smithfield next to the Courthouse.
Cap Rate 6% Current Lease 3 yr term with renewals.
Perfect for Retail or Professional Business Office.
PRIME RETAIL/Office Location in the Heart of Smithfield.
Property Features:
• Heavy daytime foot traffic from Courthouse
• Located on S. 3rd Street with heavy drive-by traffic
• Public Parking nearby The property was completely updated and renovated in 2021.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,438 SF
Building Class
C
Year Built
1938
Price
$400,000
Price Per SF
$164.07
Cap Rate
6%
NOI
$24,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.06 AC
Zoning
B-1 - Business District
Frontage
21’ on 3rd St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS









PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $368,510 | |
Land Assessment | $47,920 | Total Assessment | $416,430 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$47,920
Improvements Assessment
$368,510
Total Assessment
$416,430
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136 S 3rd St
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