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$3,500,000
Est. payment /mo
10.1 Acres Lot
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Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 264176
HOA Y/N No
Year Built 1989
Annual Tax Amount $15,097
Lot Size 10.100 Acres
Acres 10.1
Property Sub-Type Building/Land
Property Description
Approximately an 8% CASH ON CASH return, plus extra land to build more tenant space. Long established (37 years) 100% occupied, 43,504 sq. ft. shopping center. Tenants are IGA Grocery Store, Spectrum, Walgreen's & Dollar Tree. Value add component of vacant land that would accommodate approximately 20,000 - 30,000 sq. ft. of additional retail buildings and parking. Parking lot milled as needed, repaved, sealed and striped in 2025. Exterior repainted in 2025. Roofs in excellent shape. 1.64 ac. & .64 ac. outparcels, NOT INCLUDED IN THIS OFFERING, available for $199,000 and $75,000 respectively.
Prospective buyer's need to be prequalified/vetted. A serious/qualified buyer will need at least approximately $1,000,000 in cash to put into a purchase, or have a track record of similar or larger investments.
Prospective buyer's need to be prequalified/vetted. A serious/qualified buyer will need at least approximately $1,000,000 in cash to put into a purchase, or have a track record of similar or larger investments.
Location
State NC
County Wilkes
Area 26-Outside Of Area
Interior
Heating Electric
Cooling Central Air, Electric, Heat Pump
Fireplace No
Exterior
Exterior Feature None
Parking Features Parking Space(s)
Water Access Desc Public
Roof Type Built-Up
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Mulberry
High Schools North Wilkes
Others
Tax ID 1404335
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
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Listed by Finley Properties II, llc
NEARBY SCHOOL & BUSINESS
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