3800-3840 Highway 49 S - Storefront Retail/Office FOR SALE


Harrisburg, NC 28075
$5,665,000 USD
843-725-7835
3800-3840 Highway 49 S, Harrisburg, NC for Sale
$5,665,000 USD
Storefront Retail/Office - FOR SALE
1/20
null | 7% Cap Rate

3800-3840 Highway 49 S
Harrisburg, NC 28075


HIGHLIGHTS

  • Nearby Housing Developments
  • Value-Add Opportunity
  • Strategic Positioning & Visibility
  • Durable Income Stream
  • Affluent Surrounding Demographics ($137K 3-mi Avg HH Income)
  • Dominant Nearby Anchor Retail

OVERVIEW

Heritage Commons is a 16,381 SF, 100% leased multi-tenant retail center located along NC Highway 49 in Harrisburg, NC, within the Charlotte MSA. The subject offering is comprised of 5 out of the 7 condominiums within the building and ownership has total control over the association and decision-making rights. The property offers investors a stabilized asset with value-added upside. Newer leases are achieving $27 PSF while older leases average $21 PSF, creating an opportunity to grow income by $30K–$40K through mark-to-market adjustments. The center benefits from strong visibility and access along a 30,000 VPD corridor, is surrounded by over 33,000 residents within a 3-mile radius with average household incomes of $137,000, and is adjacent to more than 700 new housing units recently delivered or under construction. Its proximity to top-performing grocers like Publix and Food Lion further enhances daily traffic and long-term viability.

FOR SALE DETAILS

PRICE

$5,665,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Commons Condominium

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

B-1

APN/PARCEL ID

5517-17-1312-0000

ASK ABOUT THIS PROPERTY

Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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