Retail Building with Drive-In
For Sale
$1,495,000
177 N Sycamore Street, Aberdeen, NC 28315
Commercial Sale, Aberdeen, NC
Property Size8,500 SF
Lot Size0.65 Acres
Price / SF$175.88
Days on Market51
Property Features for 177 N Sycamore Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Parking features
Off Street, Parking Lot
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
Take US-1 S/N Sandhills Blvd from Southern Pines towards Aberdeen. Turn left onto Knight Street. Property is located at the end of Knight Street at the intersection with N Sycamore St on the right
Standard status
Active
APN
00048488
Size
8,500 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
118 X 115
Legal Description
118 X 115
Utilities
Heating system
Electric (Heating)
Amenities
onsite parking lot
building signage
rear drive-in overhead door
Building Details
Year built
1980
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
George Manley · License #265776
(910) 603-8395
Added: Aug 21
Changed: Sep 29
Last Checked: Oct 10 at 8:06PM
MLS# 100598496
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.
Investment Insights
Based on property information with market context.
This single-tenant retail property provides approximately 8,500 square feet on a 0.65-acre site in downtown Aberdeen. The building includes a broad open sales area, drop ceilings, a rear drive-in overhead door, and a former food service section. On-site parking, building signage, and electric heating are in place. Built in 1980, the property is zoned CB, or Central Business.
Access is available from N. Sycamore Street, Knight Street, and Talbooth Street, with the building positioned at the corner of N. Sycamore Street and Knight Street. The property is available for sale or lease with NNN lease terms and includes an off-street parking lot. Its existing layout combines open retail space with service-oriented improvements and rear loading functionality.
Access is available from N. Sycamore Street, Knight Street, and Talbooth Street, with the building positioned at the corner of N. Sycamore Street and Knight Street. The property is available for sale or lease with NNN lease terms and includes an off-street parking lot. Its existing layout combines open retail space with service-oriented improvements and rear loading functionality.
Key Highlights
- Approximately 8,500 SF single‑tenant retail building
- 0.65‑acre site in downtown Aberdeen
- CB (Central Business) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,754
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,080
$1.4M
Cap Rate 7%
$996,486
$996.5K
Cap Rate 9%
$775,044
$775.0K
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$119.3K $14.04/SF
− Vacancy
−$19.7K −$2.32/SF
EGI
$99.6K $11.72/SF
− OpEx
−$29.9K −$3.52/SF
NOI
$69.8K $8.21/SF
Area
Moore County, NC
Vacancy
16.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,080
Cap Rate 7%
$996,486
Cap Rate 9%
$775,044
Alternative Uses
Best Use
Retail
$996.5K
$871.9K – $1.16M
NOI $69,754 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,376 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,088 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
824 visits/mo
0.2 miles
Demographics for 28315, NC
13,500
Population
6,350
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
93%
High-School Grad
65.0 sq mi
ZIP Area
208
Density / Sq Mi
$73,079
Median Household Income
$45,644
Median Earnings
$1,131
Median Rent
$279,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant commercial space with open interior, parking, signage, and access from three downtown streets.
Where is this retail space located?
The property is located at 177 N Sycamore Street Aberdeen, NC.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Approximately 8,500 SF single‑tenant retail building; 0.65‑acre site in downtown Aberdeen; CB (Central Business) zoning
