831-841 W Main St - Storefront Retail/Office FOR SALE
Murfreesboro, NC 27855 |
$860,000 USD
843-931-9503
831-841 W Main St
Murfreesboro, NC 27855
HIGHLIGHTS
- Below Replacement Cost: Offered at Just $33 Per Square Foot, Significantly Below Replacement Cost For Comparable Strip Centers
- Strategic Location Near University: Immediate Access to Chowan University’s Student and Staff Population Enhances Tenant Appeal and Long-Term Leasing
- Upside Through Lease-Up: With 40% of the Center Currently Vacant, There is Substantial Room to Drive NOI Growth and Unlock an Attractive Yield on Cost
- Low Price Point Strip Center: Rare Opportunity to Acquire a Multi- Tenant Retail Asset in North Carolina For Under $1 Million
- Proximity to National Retailers: Situated Near Prominent National Retailers Such as Food Lion, Advance Auto Parts, Dollar General, Family Dollar
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 25,794 SF Chowan Village Located at 831-841 W Main Street in Murfreesboro, NC. This Deal is Offered at Just $33 Per Square Foot, Significantly Below Replacement Cost For Comparable Strip Centers, Presenting a Compelling Entry Point For Value-Focused Investors, Providing For a Secured Investment.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$860,000 USD
PRICE/SF
$33 USD /SF
CAP RATE
15.83%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chowan Village - Murfreesboro, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
165
LAND DETAILS
LAND ACRES
2.76 AC
LAND SF
120,226 SF
ZONING
C
APN/PARCEL ID
5958-44-8874
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843-931-9503
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