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206-216 Commerce Ave

7,456 SF 100% Leased Retail Building Southern Pines, NC 28387 $2,500,000 ($335/SF) 2.08% Cap Rate

Mixed Use Properties North Carolina Southern Pines 206-216 Commerce Ave, Southern Pines, NC 28387

Investment Highlights

  • Fully Leased

Executive Summary

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%

Attachments

CSG Marketing Doc 206-216 Commerce Ave-compressed

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,456 SF
Building Class
B
Year Built
1980
Price
$2,500,000
Price Per SF
$335
Cap Rate
2.08%
NOI
$51,997
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.52 AC
Zoning
GB - General Business
Parking
30 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
127 FT on Commerce Ave

Amenities

  • Pylon Sign

Links

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Nearby Major Retailers

Golden Corral
Woodforest National Bank
IHOP
Five Guys
First Horizon Bank
Cracker Barrel Old Country Store
Burn Boot Camp
Olive Garden
Outback Steakhouse
Longhorn Steakhouse

PROPERTY TAXES

Parcel Number 8571-14-33-6878 Improvements Assessment $525,580
Land Assessment $452,740 Total Assessment $978,320

PROPERTY TAXES

Parcel Number
8571-14-33-6878
Land Assessment
$452,740
Improvements Assessment
$525,580
Total Assessment
$978,320
(910) 690-1065

  • Listing ID: 32083887

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 206-216 Commerce Ave, Southern Pines, NC 28387

More public record information on 206-216 Commerce Ave, Southern Pines, NC 28387

The Retail Property at 206-216 Commerce Ave, Southern Pines, NC 28387 is currently available For Sale. Contact Carolina Summit Group, LLC for more information.

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206-216 Commerce Ave
(910) 690-1065 x

206-216 Commerce Ave

Holly Bell

(910) 690-1065

(910) 690-1065

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