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Retail Storefront with Workshop

1702 S Madison St. Whiteville, NC 28472

1702 S Madison St., Whiteville, NC, 28472
$750,000
For Sale
Claim this Listing
$750,000

SINGLE_FAMILY - Whiteville, NC

Property Size5,700 SF
Lot Size0.92 Acres
Price / SF$131.58
AddedJan 21
Days on Market174
Last RefreshJul 14 at 6:06 pm

Property Features for 1702 S Madison St.

General Information

Property type
Residential
Property subtype
Retail
Zoning
Retail
Standard status
Active
Size
5,700 SF
Lot size
0.92 Acres

Building Details

Number of units
1

Listing agent Chasing The Tides Group

Listing office CB Sea Coast Advantage CF MYRTLE BEACH, NC

Listing date Jan 21, 2026

MLS# 2601887

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This retail storefront property is currently being used for cabinet making and has previously served as a restaurant. The building is set up to support active work and customer-facing use, with the retail zoning intended for commercial activity.

The property sits on a location with traffic on three sides and is offered with the option to purchase an adjacent lot to the left of the front of the building. For buyers looking to reimagine the existing improvements or start a new business, the site provides flexible options tied to its established commercial use.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $102.6k $18.00
− Vacancy −$4.3k −$0.76
EGI $98.3k $17.24
− OpEx −$29.5k −$5.17
NOI $68.8k $12.07
5,700 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$982.9K
$860.1K – $1.15M (±1% cap)
NOI $68,804 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M (±1% cap)
NOI $96,789 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Central cabinet Hardware & Home Improvement

Suggested Use

Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Home Appliance Store Law Firm Building Supply (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • The Tilted Bucket Florist — 500 S Madison St, Whiteville, NC 28472

FAQs

What type of property is this?
Storefront property - Zoned retail storefront currently used for cabinet making with visibility on three sides and an adjacent lot available.
Where is this storefront property located?
The property is located at 1702 S Madison St. Whiteville, NC.
What is the asking price?
The asking price for this property is $750,000.
Contact an agent
More about this property
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