$ 2,500,000
206 Commerce AVE Southern Pines, NC 28387
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$ 2,500,000
Est. payment | /mo
7,500 SqFt
$ 2,500,000
Est. payment | /mo
7,500 SqFt
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $333
Subdivision Yadkin Park
MLS Listing ID 100449551
Originating Board North Carolina Regional MLS
Year Built 1986
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions 150x150x150x150
Property Description
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%
Location
State NC
County Moore
Community Yadkin Park
Zoning GB
Direction Take US-1 from Southern Pines towards Aberdeen. Turn right onto Pinehurst Ave. Continue straight onto Commerce Ave. Property on the right at the corner of Commerce Ave and Turner St.
Interior
Heating Electric
Exterior
Garage Private, Off Street, On Site, Paved
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 00048101
Special Listing Condition None
Listed by Carolina Summit Group, LLC