202 Doctor Donnie H Jones Jr Blvd W
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202 Doctor Donnie H Jones Jr Blvd W
12,400 SF Retail Building Princeton, NC 27569 $995,000 ($80/SF)
INVESTMENT HIGHLIGHTS
- Priced well below replacement cost
- With the grocery trade fixtures removed and the open interior structure, this Property can be easily repurposed.
- Seller is motivated and will entertain all reasonable offers.
- Property has had a single owner and use since construction
- Seller owns adjacent residential property (206 Elm St) and if Buyer is interested will consider including it in the sale
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
12,400 SF
Building Class
C
Year Built/Renovated
1984/2021
Price
$995,000
Price Per SF
$80
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.45 AC
Zoning
C-2 - Commercial
Parking
73 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04010015C | Improvements Assessment | $470,300 |
| Land Assessment | $203,510 | Total Assessment | $673,810 |
PROPERTY TAXES
Parcel Number
04010015C
Land Assessment
$203,510
Improvements Assessment
$470,300
Total Assessment
$673,810
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202 Doctor Donnie H Jones Jr Blvd W
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