38087 Hwy 561
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38087 Hwy 561
1,200 SF Retail Building Hollister, NC 27844 $349,900 ($292/SF) 5.14% Cap Rate
Investment Highlights
- Very Visible on Main Hwy 561 with Lots of Traffic
Executive Summary
Convenience store, Sweepstakes, Service Station/Auto parts/Auto Detailing/Auto Sales, 1200 SF Convenience store w/ 1-Car Garage/Bay, Masonry Block Building on 1/2 Acre lot with lots of room for expansion. Paved large lighted asphalt parking area, with 2 entrance driveway on Busy Main NC Hwy 561 in Hollister, NC. Excellent opportunity for the right buyer/investor seeking to add or expand business with this new opportunity. Excellent income potential for the right investor/person seeking a great opportunity. The current lot size has room for expansion and additional land may be available for expansion
1/2 Acre lot with lots of room for expansion. Paved large lighted, 2 entrance driveway on Busy Main NC Hwy 561 in Hollister, NC. Excellent opportunity for the right buyer/investor seeking to add or expand business with this new opportunity. Excellent income potential for the right investor/person seeking a great opportunity. The current lot size has room for expansion and additional land/lot may be available for future expansion.
1/2 Acre lot with lots of room for expansion. Paved large lighted, 2 entrance driveway on Busy Main NC Hwy 561 in Hollister, NC. Excellent opportunity for the right buyer/investor seeking to add or expand business with this new opportunity. Excellent income potential for the right investor/person seeking a great opportunity. The current lot size has room for expansion and additional land/lot may be available for future expansion.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,200 SF
Building Class
C
Year Built/Renovated
1975/2016
Price
$349,900
Price Per SF
$292
Cap Rate
5.14%
NOI
$17,998
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.25 AC
Zoning
R-C - Residential/Commercial
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100 FT on Hwy 561
PROPERTY TAXES
| Parcel Number | 01-06865 | Improvements Assessment | $33,700 |
| Land Assessment | $5,230 | Total Assessment | $38,930 |
PROPERTY TAXES
Parcel Number
01-06865
Land Assessment
$5,230
Improvements Assessment
$33,700
Total Assessment
$38,930
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Lupi Enterprises
38087 Hwy 561
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