105-109 Winston Rd - Storefront FOR SALE


Jonesville, NC 28642
$425,000 USD
336-366-9212
105-109 Winston Rd, Jonesville, NC for Sale
$425,000 USD
Storefront - FOR SALE
1/17
null | Request Cap Rate

105-109 Winston Rd
Jonesville, NC 28642


HIGHLIGHTS

  • signalized intersection exposure
  • multiple existing tenants
  • potential rental upside
  • additional upper-level storage

OVERVIEW

Multi-Tenant Commercial Investment & Owner-User Opportunity – Jonesville, NC Excellent opportunity to acquire an established multi-tenant commercial property in Jonesville, North Carolina. Located at 105, 109 & 111 Winston Road, the property consists of approximately 5,280 SF of commercial space situated on approximately 0.67 acres, together with a separate approximately 1,386 SF three-bay garage located at the rear of the property at 100 Plaza Road. The property benefits from excellent exposure at a signalized intersection, access from both Winston Road and Plaza Street, and convenient proximity to I-77. The building is currently configured for multiple tenants and offers a flexible combination of office, retail/service and commercial space. Interior areas include lobby/reception areas, multiple offices, restrooms, storage, kitchen/breakroom and utility areas. Each tenant space includes restroom facilities, and the building is served by electric heating and cooling systems. An upper level is currently utilized as non-climate-controlled attic/storage space, providing additional utility and potential future expansion subject to applicable approvals. The property is currently occupied by multiple tenants and generates approximately $2,810 per month / $33,720 annually in reported gross rental income. The existing lease structure creates an attractive opportunity for both investors and owner-users. An investor may have the opportunity to reposition rents over time as leases renew or turn over, while an owner-user could potentially occupy a portion of the property as space becomes available while retaining other tenants to help offset ownership costs. The property is zoned B-2 General Business by the Town of Jonesville, allowing flexibility for a variety of commercial uses subject to applicable zoning requirements. Its combination of existing rental income, multiple tenant spaces, detached garage/storage, two-street access, visibility and convenient interstate access makes the property well suited for an investor, professional office user, service business or partial owner-occupant.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B2

APN/PARCEL ID

123900

ASK ABOUT THIS PROPERTY

Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert BallUnderdown, Ball & Associates, LLCMore Info
336-366-9212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.