1. North Carolina
  2. Southern Pines
  3. 206 Commerce Avenue
$2,500,000

206 Commerce Avenue, Southern Pines, NC 28387

  • 7,500 sqft
  • Property Icon Land
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon0.52acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $333/sqft
  • Property List Date Icon Listed 1 year ago

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 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, Westhetics LLC, and Southern Pawz Spa and Boutique, creating a vibrant shopping environment. NOI $51,997 & Cap Rate 2.08% based on 2024 figures.

Listing Status:
Active
Date Added:
June 10, 2024 at 05:00AM
Listing Office:
Carolina Summit Group, LLC : 910-684-5353
MLS ID:
100449551
  • Heating: Electric

This listing courtesy of Carolina Summit Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Southern Pines Elementary School

255 S May St, Southern Pines, NC, 28387

Grades PK-5

1.85 miles away

S

Southern Middle School

717 Johnson St, Aberdeen, NC, 28315

Grades 6-8

0.51 miles away

P

Pinecrest High School

250 Voit Gilmore Rd, Southern Pines, NC, 28387

Grades 9-12

1.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.