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206 Commerce Avenue

Southern Pines, NC 28387
  • $2,500,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 100449551
UPDATED: 131 min ago
$2,500,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,500
    SQFT
  • $333
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

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%

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-07-14T15:00:33.573.
www.pinessothebysrealty.com/homes/151522005
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206 Commerce Avenue Southern Pines, NC 28387

  • Price: $2,500,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 131 min ago
  • MLS #: 100449551
0
Beds
0
Baths
0
½ Baths
0.52
Acres
7,500
SQFT
$333
$/SQFT
1986
Built
Neighborhood:
Yadkin Park
County:
Moore
Area:
Southern Pines
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%
Exterior Features

Location CornerFreestandingShopping Center Location Type Mainland Lot Description Corner Lot Lot Dimensions 150x150x150x150 Parking Driveway Off StreetOn SitePavedPrivate Road Type Frontage Public (City/Cty/St)

Property Features

City Limits Yes Cobra Zone No Commercial Sub Type CommercialRetailShopping Center Current Use1 CommercialRetail New Construction No Sale Lease Includes BuildingsLand Sale Or Lease Sale Stipulation Of Sale None Tax Year 2023 Zoning GB



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Holly Spofford Bell of Carolina Summit Group, LLC: (910) 684-5353.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-07-14T15:00:33.573.
 
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Pines Sotheby's International Realty
177 W. Pennsylvania Avenue
Southern Pines NC, 28387