Beauty Destination | 502 US-1
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!
Beauty Destination 502 US-1
1,680 SF Retail Building Norlina, NC 27563 $325,000 ($193/SF)
Investment Highlights
- Main Street with nice traffic flow
- Corner Lot with a drive around driveway
Executive Summary
What a great time to jump right into a true Turn Key ready made business opportunity. This business is ready for the next owner. One side is a nicely stocked Beauty supply store and the other side is a Beauty Salon & Barbershop both are already functioning. Has 7 booths total so far. Current Booth Rental tenants are in place. Tenants are on a month to month basis currently paying $400.00 each. Commercial door and windows were installed. Don't let an amazing opportunity pass by. Salon Equipment conveys with the building. (Salon stations with chairs, Nail Tech station with chair, Shampoo stations, Blow Dryer Stations, Waiting area chairs, T.V's,) Beauty store supplies conveyed with building. ( Hair supplies, mobile check-out counter). All supplies can be removed and Equipment can be discussed with the current owner if not interested in the set up.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$856,766
|
$509.98
|
| Operating Expenses |
$3,360,000
|
$2,000.00
|
| Total Expenses |
$4,216,766
|
$2,509.98
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $856,766 |
| Annual Per SF | $509.98 |
| Operating Expenses | |
|---|---|
| Annual | $3,360,000 |
| Annual Per SF | $2,000.00 |
| Total Expenses | |
|---|---|
| Annual | $4,216,766 |
| Annual Per SF | $2,509.98 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,680 SF
Year Built/Renovated
1940/2020
Price
$325,000
Price Per SF
$193
Building Height
1 Story
Building FAR
0.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Commerical - Road Front Commerical property
Parking
15 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
81 FT on U.S. 1
Amenities
- Corner Lot
- Freeway Visibility
- Wheelchair Accessible
- Recessed Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | D4D188 | Total Assessment | $30,652 |
| Land Assessment | $16,896 | Annual Taxes | $856,766 ($509.98/SF) |
| Improvements Assessment | $13,756 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
D4D188
Land Assessment
$16,896
Improvements Assessment
$13,756
Total Assessment
$30,652
Annual Taxes
$856,766 ($509.98/SF)
Tax Year
2024 Payable 2025
Learn More About Investing in Retail Properties
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Beauty Destination | 502 US-1
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.