Property
Southern Pines, NC 28387 206 Commerce Avenue
$2,500,000
5 more
Presented By: Carolina Summit Group, LLC
- MLS# 100449551
- 06/10/2024
SQFT • 7,500
Home Details
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%
Presented By: Carolina Summit Group, LLC
Interior Features for 206 Commerce Avenue
Other Interior Features
List Price/SqFt333.33
General for 206 Commerce Avenue
CitySouthern Pines
City LimitsYes
Cobra ZoneNo
CountyMoore
Days on Market170
Geo Lat35.161237
Geo Lon-79.422661
Listing Member NameHolly Spofford Bell
LocationCorner, Shopping Center, Freestanding
Location TypeMainland
Lot Sqft22651.00
New ConstructionNo
Property TypeG
Sale/LeaseSale
Sale/Lease IncludesBuildings, Land
Special Assessmentsnone
StatusActive
Stipulation of SaleNone
Street NameCommerce
Sub-TypeCommercial, Shopping Center, Retail
SubdivisionYadkin Park
Tax Assessed Value978320.00
Tax Year2023
Year Built1986
ZoningGB
current useCommercial, Retail
Exterior for 206 Commerce Avenue
Lot Acres0.52
Lot DescriptionCorner Lot
Lot Dimensions150x150x150x150
MLS Identifier20150918160742258811000000
Parking FeaturesOff Street, Private, Paved, On Site
Road Type/FrontagePublic (City/Cty/St)
Additional Details
Price History
Brian Inskip
North Carolina Coastal Real Estate Expert