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    1202 Andrews Ave Henderson, NC 27536

    Sponsored
    For Sale
    $489,000

    High-traffic location, ample parking, great visibility.

    Property size:
    2,764 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail property, located at 1202 E Andrews Avenue in Henderson, NC, presents a compelling investment opportunity. Boasting nearly an acre of land, this prominent corner lot offers unparalleled visibility and accessibility, situated less than half a mile from US Highway 1. The building encompasses 2,764 square feet and has served as a restaurant in the past, but its versatile layout and ample space make it suitable for a wide range of retail or service businesses. The property's strategic location ensures high traffic volume, attracting significant customer flow. Further enhancing its appeal is the substantial parking area, accommodating over sixty vehicles. Convenient access is provided by two driveways on Andrews Avenue and one on Bullock Street, ensuring smooth ingress and egress for both customers and employees. The motivated seller has significantly reduced the price, making this an attractive proposition for discerning investors seeking a prime retail location with exceptional potential. This property is ready for its next chapter and presents a unique opportunity to establish or expand a thriving business in a high-demand area. Don't miss this chance to acquire a well-positioned, spacious retail property in a thriving community.

    Property Features for 1202 Andrews Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,764 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1976
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.38746
    Latitude
    36.32107

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, ample parking, great visibility.
    Where is this retail property located?
    The property is located at 1202 Andrews Ave Henderson, NC.
    What is the asking price?
    The asking price for this property is $489,000.
    (252) 438-2774
    Request Owner's contact information
    1202 Andrews Ave Henderson, NC 27536
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    Henderson, NC 27536
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Andrews Ave Henderson, NC 27536
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