Listing Agency: RE/MAX Southland Realty II b***@gmail.com Show Phone

Listed By: Beth Hines · License #192858 Show Phone

Source: Exprealty

Added: Sep 20, 2024 Changed: Aug 31 Last Checked: Aug 31 at 6:17PM

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Investment Insights

Based on property information with market context.

This 479 SF storefront property is available for lease at 106 W Railroad Ave in Princeton, North Carolina. The space offers a compact retail setting for a business seeking a downtown presence, with customer parking serving the property.

The storefront sits next to Truist Bank in downtown Princeton, placing it within an established business district with various nearby amenities. Its location on W Railroad Ave provides a visible setting for retail or other commercial activity supported by the surrounding downtown environment.

Key Highlights

• 479 SF storefront property
• Adjacent to Truist Bank
• Customer parking available

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Electrical Service Storage Facility Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.76 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

36k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 49% Dining 40% Home Improvements & Furnishings 8% Groceries 3%

Hardee's Dining

14,470 visits/mo 0.4 miles

Dollar General Shops & Services

11,326 visits/mo 0.2 miles

Dollar Tree Shops & Services

3,673 visits/mo 0.2 miles

Community Hardware True Value Home Improvements & Furnishings

2,734 visits/mo 0.2 miles

Truist Shops & Services

2,684 visits/mo 0.2 miles

Demographics for 27569, NC

8,854

Population

3,559

Households

2.5

Avg Household Size

39

Median Age

21%

College-Educated

85%

High-School Grad

80.0 sq mi

ZIP Area

111

Density / Sq Mi

$73,507

Median Household Income

$49,417

Median Earnings

$967

Median Rent

$194,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial space with customer parking adjacent to Truist Bank in downtown Princeton.

Where is this storefront property located?

The property is located at 106 W Railroad Ave Princeton, NC.

What is the lease rate?

The lease rate is $1,000/Mo.

What are key features of this property?

This property features: 479 SF storefront property; Adjacent to Truist Bank; Customer parking available