206-216 Commerce Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
206-216 Commerce Ave
7,456 SF 100% Leased Retail Building Southern Pines, NC 28387 $2,500,000 ($335/SF) 2.08% Cap Rate
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%
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
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
Nearby Major Retailers
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
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
206-216 Commerce Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.