Prime Location Storefront
1702 S Madison St Whiteville, NC 28472
For Sale
Contact for pricing
Storefront in prime location with high traffic, endless possibilities.
Property Size5,700 SF
Lot Size0.06 Acres
Price / SF$131.58
Days on Market167
Property Features for 1702 S Madison St
General Information
Standard status
Active
Size
5,700 SF
Lot size
0.06 Acres
Property subtype
Industrial, Retail
Listing Agency:
Coldwell Banker Commercial Sea Coast Advantage
Listed By:
Eric Galvin · License #362829
Source:
Crexi
Added: Feb 12
Changed: Jul 10
Last Checked: Jul 28 at 6:56AM
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 Coldwell Banker Commercial Sea Coast Advantage
Investment Insights
Based on property information with market context.
This 5700-square-foot storefront property is situated in a prime location with traffic on three sides. Currently used for cabinet making, it previously functioned as a restaurant. The property offers possibilities to reimagine the land use or start a new business. An adjacent lot with 2430 square feet also conveys with the commercial building sale at no additional cost. The lot next door is also listed for sale separately and can also be purchased for addition cost as in the listing. All business and personal property will be removed prior to closing and does not convey.
Key Highlights
- Prime location with high traffic on three sides.
- Includes adjacent 2430 sq ft lot at no additional cost.
- Suitable for reimagining land use or starting a new business.
Financial Insights For Retail
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 | $102.6k | $18.00 |
| − Vacancy | −$4.3k | −$0.76 |
| EGI | $98.3k | $17.24 |
| − OpEx | −$29.5k | −$5.17 |
| NOI | $68.8k | $12.07 |
5,700 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$982.9K
$860.1K – $1.15M
NOI $68,804 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,789 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront in prime location with high traffic, endless possibilities.
Where is this storefront property located?
The property is located at 1702 S Madison St Whiteville, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location with high traffic on three sides.; Includes adjacent 2430 sq ft lot at no additional cost.; Suitable for reimagining land use or starting a new business.
