Highway Commercial Opportunity in
517 N 2nd Avenue Siler City, NC 27344
517 N 2nd Avenue, Siler City, NC, 27344
$285,000
For Sale
$285,000
COMMERCIAL - Siler City, NC
Property Size1,775 SF
Lot Size0.28 Acres
Price / SF$160.56
Days on Market123
Property Features for 517 N 2nd Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- H-CHighway Commercial Dis
- Parking
- 15
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 0015322
- Size
- 1,775 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 103-1-1 Deed Book 1784 Page 173 (Tract 2) Plat Book 90 Page 334
- Tax Annual Amount
- 3294
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Building materials
- Vinyl Siding
Listing agency
Harris Realty & Auction
(919) 742-3286
Listed by
Scott Harris · License #159569
(919) 498-4077
Added: Mar 23 Updated: May 19 at 5:15PM Checked: Jul 23 at 6:06AM
MLS# 10155155
Copyright © 2026 Doorify MLS. 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 commercial property in Siler City, NC, presents a highway commercial opportunity. The main building is a 1,775 sq ft modular structure originally designed as a chiropractic office. It features a reception area, multiple office spaces, and a half bath on the main level. The upper level includes an additional office, a full bathroom with shower, and a large bonus area suitable for office, meeting, or storage use. A secondary 1,456 sq ft mobile home, currently converted into office space, is located on the property and is producing rental income. The site includes approximately 15 parking spaces and sits on a corner lot with strong road frontage, providing access and exposure. The property offers possibilities for professional, medical, retail, or service use in a high-traffic location. The property is zoned H-CHighway Commercial Dis and sits on a 0.28-acre lot.
Key Highlights
- Prime highway commercial location in Siler City with strong road frontage and excellent visibility.
- Two buildings: 1,775 sq ft modular building and 1,456 sq ft mobile home converted to office space.
- Rental income potential from the mobile home office.
Local Financial Insights For Healthcare Medical
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 | $44.7k | $25.20 |
| − Vacancy | −$4.0k | −$2.27 |
| EGI | $40.7k | $22.93 |
| − OpEx | −$16.3k | −$9.17 |
| NOI | $24.4k | $13.76 |
1,775 SF · lease $25.20/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$391.6K
$342.7K – $456.9K
NOI $27,413 @ 7.0% cap · market cap 9.62%
Second Best
Healthcare Medical
$348.9K
$305.3K – $407.1K
NOI $24,423 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$573.2K
$501.5K – $668.7K
NOI $40,122 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lommel Chiropractic
Alternative Medicine Practice
Kenneth M. Lommel, ...
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Tysor Veterinary Clinic — 1401 N 2nd Ave, Siler City, NC 27344
- Chatham Veterinary Service — 1114 Greensboro Ave, Siler City, NC 27344
- Third Street Veterinary Clinic — 312 E 3rd St, Siler City, NC 27344
FAQs
What type of property is this?
Medical Office Space - Versatile commercial property with income potential in high-traffic location.
Where is this medical office space located?
The property is located at 517 N 2nd Avenue Siler City, NC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Prime highway commercial location in Siler City with strong road frontage and excellent visibility.; Two buildings: **1,775 sq ft modular building** and 1,456 sq ft mobile home converted to office space.; Rental income potential from the mobile home office.
