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Viewing Listing MLS# 100449551

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206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387 206 Commerce Avenue Southern Pines, NC 28387
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$2,500,000 | N/A beds | N/A full baths | N/A half baths | 7,500 sqft

$2,500,000 No Recent Price Change
206 Commerce Avenue
Southern Pines, NC 28387
  • N/ABeds
  • N/AFull Baths
  • N/AHalf Baths
  • 7,500SqFt
  • 1986Year Built
  • 0.52Acres
  • MLS# 100449551
  • Commercial
  • G
  • Active
  • Approx Time on Market4 months, 22 days
  • AreaMoore (28387)
  • CountyMoore
  • Subdivision Yadkin Park
Overview

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%

Baths Info

Building Info

Year Built:  1986

New Construction:  No

Exterior Features

Financial

Asking Price Text:  $2,500,000

Tax Assessed Value:  97832

Tax Year:  2023

Stipulation Of Sale:  None

List Pricesqft:  333

HOA Info

Interior Features

Lot Info

Lot Sqft:  22,651

Lot Dimensions:  150x150x150x150

Acres:  0.52

Location:  Corner, Shopping Center, Freestanding

Lot Description:  Corner Lot

Road Type:  Public (City/Cty/St)

Misc Features

Special Assessments:  none

Misc Info

Parking Info

Parking Driveway:  Off Street, Private, Paved, On Site

Property Features

Property Info

County:  Moore

Cobra Zone:  No

Zoning:  GB

Subdivision Original:  Yadkin Park

Marketing City:  Southern Pines

City Limits:  Yes

Sign On Property:  No

Class Type:  G

Restrictions

Sale / Lease Info

Sale Lease:  Sale

Sale Lease Includes:  Buildings,Land

Schools

SqFt Info

Sqft:  7,500

Unit Info

Utilities /HVAC

Courtesy of Carolina Summit Group, Llc 

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On carolinahere.com since Mon, Jun 10th 2024
No Property History recorded for this listing.

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Last updated on 11-01-2024 5:03 PM EST .

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