107 N Raiford St - Storefront Retail/Residential FOR SALE


Selma, NC 27576
$625,000 USD
908-255-9698
107 N Raiford St, Selma, NC for Sale
$625,000 USD
Storefront Retail/Residential - FOR SALE
1/24
null | 8% Cap Rate

107 N Raiford St
Selma, NC 27576


HIGHLIGHTS

  • Recent capital improvements include flooring, electrical, HVAC, bathrooms, painting, structural reinforcements, new awning
  • Located downtown in a prime pedestrian corridor
  • 100% occupied - 2 tenants on new leases
  • Tenants are invested into the space, with Waggerz Too being on their second location after a long term successful flagship location in Garner

OVERVIEW

+/- 5,533 sf multi tenant retail property in the heart of Selma's downtown pedestrian corridor offers a prime investment opportunity. Positioned in a prime location, the property sits directly off of a major exits on I-95, offers great access to Raleigh and Research Triangle Park via US-70, and is in the heart of Downtown Selma where there has been an increase of over 100,000 new residents since 2004. More recently, Selma and the greater Johnston County area has experienced an influx in large development projects such as Eastfield Crossing (3M sqft development), the first ever Target in Johnston County, as well as VeeTee and Crystal Window & Doors investing nearly $100M each into the area. The property features 2 tenants, a well-established dog grooming salon (2nd location) on the first floor and a photography studio on the second. This site presents a strong opportunity for an investor seeking a return from day 1 with the ability to capitalize on the long term appreciation of the area as Johnston County continues to grow rapidly.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Anderson St

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

COM

APN/PARCEL ID

14028031A

ASK ABOUT THIS PROPERTY

Nicholas MelfiCityPlatMore Info
908-255-9698

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Nicholas MelfiCityPlatMore Info
908-255-9698

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