Heritage Commons Condominiums Retail FOR SALE


Harrisburg, NC
$5,665,000 USD
843-725-7835
, Harrisburg, NC for Sale
$5,665,000 USD
Retail - FOR SALE
1/4
null | 7% Cap Rate

Heritage Commons Condominiums
Harrisburg, NC


HIGHLIGHTS

  • Nearby Housing Growth
  • Value Add Opportunity
  • Hard Corner, Lighted Intersection
  • Affluent Demographics | Avg HH Income $137K (3-mile)
  • 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.

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.