511 South Main St - Retail FOR SALE


Princeville, NC 27886
$359,000 USD
252-205-2729
511 South Main St, Princeville, NC for Sale
$359,000 USD
Retail - FOR SALE
1/7
null | 9.5% Cap Rate

511 South Main St
Princeville, NC 27886


HIGHLIGHTS

  • High visibility corner location on US Highway 258 (S Main St)
  • Ample paved parking and room for future improvements

OVERVIEW

This 1.4 acre corner commercial property offers immediate cash flow with 100% occupancy and a strong 9.5% cap rate, making it an attractive addition to any investment portfolio. This property consists of two separate buildings totaling approximately 3,650 square feet and is occupied by two established tenants: Big Bones Meat Market, operating from the recently renovated main retail building & an automotive dealership/detail business occupying the second building. Stable income producing asset with value-add potential. This well maintained property provides dependable cash flow with minimal landlord responsibilities under its net lease structure. Its prominent corner location and diverse tenant mix create long-term investment stability while offering future upside. Whether you're completing a 1031 exchange or looking to expand your commercial real estate portfolio, this property delivers an attractive combination of income, location, and long-term potential.

FOR SALE DETAILS

PRICE

$359,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

GC

APN/PARCEL ID

4737-69-3468-00

ASK ABOUT THIS PROPERTY

Abder AllanGreen Valley RealtyMore Info
252-205-2729

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Abder AllanGreen Valley RealtyMore Info
252-205-2729

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