Renovated Storefront with Commercial
For Sale
$475,000
108 S Pine St, Princeton, NC 27569
C-2 zoning and separate entrances support retail or restaurant operations.
Property Size4,200 SF
Price / SF$113.10
Days on Market236
Property Features for 108 S Pine St
General Information
Standard status
Active
Size
4,200 SF
Zoning
C-2
Taxes and HOA fees
Annual Taxes
$4,743
Amenities
kitchen with 2 stoves
stacked washer and dryer
walk in freezer
restaurant sinks
baking oven
flatscreen TVs
Building Details
Year Built
1940
Year Renovated
2020
Buildings
1
Listing Agency:
Harris Realty & Land, LLC
(919) 795-5349
Listed By:
Teresa Daughtry · License #189895
(919) 669-4748
Source:
Exprealty
Added: Feb 20
Changed: Oct 14
Last Checked: Oct 13 at 2:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harris Realty & Land, LLC
Investment Insights
Based on property information with market context.
This storefront property in Princeton, NC, provides 4,200 square feet of commercial space within a building constructed in 1940 and renovated in 2020. The improvements include a commercial kitchen with 2 stoves, a baking oven, restaurant sinks, a walk-in freezer, and a stacked washer and dryer. The layout supports retail or restaurant use, with a dedicated public entrance.
An additional entrance serves the upper level, which includes a full kitchen and flatscreen TVs throughout the upstairs and downstairs areas. The upper floor may support apartment use with a shower added to the bathroom under a special use permit from the Town of Princeton. The property is zoned C-2 and is located at 108 South Pine Street.
An additional entrance serves the upper level, which includes a full kitchen and flatscreen TVs throughout the upstairs and downstairs areas. The upper floor may support apartment use with a shower added to the bathroom under a special use permit from the Town of Princeton. The property is zoned C-2 and is located at 108 South Pine Street.
Key Highlights
- 4,200‑square‑foot storefront property in Princeton, NC
- Building constructed in 1940 and renovated in 2020
- Commercial kitchen includes 2 stoves, baking oven, restaurant sinks, and walk‑in freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,608
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,160
$492.2K
Cap Rate 7%
$351,543
$351.5K
Cap Rate 9%
$273,422
$273.4K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$37.8K $9.00/SF
− Vacancy
−$2.6K −$0.63/SF
EGI
$35.2K $8.37/SF
− OpEx
−$10.5K −$2.51/SF
NOI
$24.6K $5.86/SF
Area
Johnston County, NC
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,160
Cap Rate 7%
$351,543
Cap Rate 9%
$273,422
Alternative Uses
Best Use
Specialty Retail
$944.8K
$826.7K – $1.10M
NOI $66,135 @ 7.0% cap · market cap 13.92%
Second Best
Retail
$736.6K
$644.5K – $859.4K
NOI $51,562 @ 7.0% cap · market cap 10.86%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,942 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
67k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 26%
Home Improvements & Furnishings 4%
Groceries 2%
Bojangles' Famous Chicken 'n Biscuits
Dining
30,650 visits/mo
0.5 miles
Hardee's
Dining
14,470 visits/mo
0.4 miles
Dollar General
Shops & Services
11,326 visits/mo
0.4 miles
Dollar Tree
Shops & Services
3,673 visits/mo
0.4 miles
Community Hardware True Value
Home Improvements & Furnishings
2,734 visits/mo
0.0 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning and separate entrances support retail or restaurant operations.
Where is this storefront property located?
The property is located at 108 S Pine St Princeton, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,200‑square‑foot storefront property in Princeton, NC; Building constructed in 1940 and renovated in 2020; Commercial kitchen includes 2 stoves, baking oven, restaurant sinks, and walk‑in freezer
