Historic Mixed-Use Brick
112 S Pine Street, Princeton, NC 27569
For Sale
$320,000
Commercial Sale, Princeton, NC
Property Size2,520 SF
Lot Size0.14 Acres
Price / SF$126.98
Days on Market465
Property Features for 112 S Pine Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Building Details
Year built
Building materials
Listing Agency:
HTR Southern Properties
(919) 879-8770
Listed By:
Linsey Dale · License NC #302441
(919) 931-3821
Added: Aug 3, 2025
Changed: Oct 20
Last Checked: Nov 10 at 5:06PM
MLS# 100522948
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick mixed-use property includes 2,520 square feet within a preserved commercial building in downtown Princeton. The interior features tall ceilings and original architectural details, while the flexible layout can be adapted for retail, office, studio, gallery, café, or other commercial use. A garage and an additional lot are included with the property.
The building is located at 112 S Pine Street in Princeton, with a walkable downtown setting and visibility within the community. C-2 zoning supports its commercial positioning, and the existing character provides a distinctive setting for an owner-user or business seeking a customizable space.
The building is located at 112 S Pine Street in Princeton, with a walkable downtown setting and visibility within the community. C-2 zoning supports its commercial positioning, and the existing character provides a distinctive setting for an owner-user or business seeking a customizable space.
Key Highlights
- 2,520‑square‑foot mixed‑use commercial building
- 0.138‑acre property with an additional lot
- C‑2 zoning in downtown Princeton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,082
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,640
$521.6K
Cap Rate 7%
$372,600
$372.6K
Cap Rate 9%
$289,800
$289.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$45.4K $18.00/SF
− Vacancy
−$3.6K −$1.44/SF
EGI
$41.7K $16.56/SF
− OpEx
−$15.6K −$6.21/SF
NOI
$26.1K $10.35/SF
Area
Johnston County, NC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,640
Cap Rate 7%
$372,600
Cap Rate 9%
$289,800
Alternative Uses
Best Use
Retail
$442.0K
$386.7K – $515.6K
NOI $30,937 @ 7.0% cap · market cap 9.67%
Second Best
Mixed Use
$372.6K
$326.0K – $434.7K
NOI $26,082 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$762.4K
$667.1K – $889.4K
NOI $53,365 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
67k
Monthly Visits Nearby
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown brick property with flexible interior space, garage parking, and C-2 zoning.
Where is this mixed-use property located?
The property is located at 112 S Pine Street Princeton, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,520‑square‑foot mixed‑use commercial building; 0.138‑acre property with an additional lot; C‑2 zoning in downtown Princeton
