395 Crimson Laurel Way - Freestanding FOR SALE


Bakersville, NC 28705
$899,000 USD
828-548-0090
395 Crimson Laurel Way, Bakersville, NC for Sale
$899,000 USD
Freestanding - FOR SALE
1/3
null | 7.8% Cap Rate

395 Crimson Laurel Way
Bakersville, NC 28705


HIGHLIGHTS

  • Essential Tenants: Both tenants serve critical functions in the community, supporting consistent foot traffic and dependable occupancy.
  • Minimal Competition: Sparse competitive retail presence enhances tenant stability and long-term viability.
  • Retail Scarcity: Limited availability of retail-appropriate properties and new development opportunities in Bakersville.

OVERVIEW

Two stand alone, occupied buildings on one parcel for Sale at a 7.8% cap rate, in Bakersville, NC.Current tenants include 7,500 SF Dollar General (current term expires July 31, 2028 with 1 remaining renewal option) and 3,000 SF French Broad Electric office building comprising 1,500 SF of finished office and a 1,500 SF basement (on a month-tomonth lease). With limited retail development options and minimal competition in the surrounding area, this asset presents a unique opportunity for stable income and future upside.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

0863-07-77-4653

ASK ABOUT THIS PROPERTY

Scott Raines, CCIMDewey Property AdvisorsMore Info
828-548-0090

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Scott Raines, CCIMDewey Property AdvisorsMore Info
828-548-0090

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