Leased Retail Building with
208 E Mason Street Franklinton, NC 27525
208 E Mason Street, Franklinton, NC, 27525
$350,000
Pending
For Sale
$350,000
Pending
COMMERCIAL - Franklinton, NC
Property Size2,520 SF
Lot Size0.20 Acres
Days on Market125
Property Features for 208 E Mason Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- RDT
- Exterior features
- Rain Gutters
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Pending
- APN
- 1865-16-1764
- Size
- 2,520 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DBA THE HAIR SHOP/LIV WELL -Lot 1 DB 1212 PG 982
- Tax Annual Amount
- 4264
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Gas (Cooling)
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Flooring type
- Vinyl, Concrete
- Building materials
- Block, Brick, Vinyl Siding
Listing agency
Premier Advantage Realty Inc
(919) 728-1212
Listed by
Wallace Peiffer
(919) 302-1215
Added: Mar 19 Updated: Jul 20 at 11:14PM Checked: Jul 21 at 8:06AM
MLS# 10153907
Copyright © 2026 Doorify 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 retail building totals 2,520 square feet and includes approximately 600 square feet of unfinished warehouse/storage space. The property has multiple currently leased spaces, including a hair salon, nail studio, massage suite, and esthetician. A rear handicap-accessible ramp provides access from the main parking area.
The building is offered for sale in Franklinton with zoning identified as RDT. Public remarks note the property is about one block from the newly revitalized downtown and the Franklinton Social District, with nearby dining and retail destinations.
Recent upgrades referenced in the remarks include a gas pack/AC unit, windows, electrical, lighting, HVAC ductwork, and a water heater, supporting updated building systems for day-to-day operations.
The building is offered for sale in Franklinton with zoning identified as RDT. Public remarks note the property is about one block from the newly revitalized downtown and the Franklinton Social District, with nearby dining and retail destinations.
Recent upgrades referenced in the remarks include a gas pack/AC unit, windows, electrical, lighting, HVAC ductwork, and a water heater, supporting updated building systems for day-to-day operations.
Key Highlights
- 2,520 SF commercial building with approximately 600 SF unfinished warehouse/storage area
- Currently leased spaces include a hair salon, nail studio, massage suite, and esthetician
- Rear handicap‑accessible ramp from the main parking area plus accessible approach with ramp
Local Financial Insights For Warehouse
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 | $24.8k | $9.84 |
| − Vacancy | −$1.8k | −$0.70 |
| EGI | $23.0k | $9.14 |
| − OpEx | −$3.5k | −$1.37 |
| NOI | $19.6k | $7.77 |
2,520 SF · lease $9.84/SF/yr · vacancy 7.08% · expense 15.00%
Alternative Uses
Best Use
Retail
$638.8K
$558.9K – $745.2K
NOI $44,713 @ 7.0% cap · market cap 12.78%
Second Best
Warehouse
$279.8K
$244.8K – $326.4K
NOI $19,585 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$719.5K
$629.6K – $839.5K
NOI $50,367 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LIV-Well Aesthetic & Regenerative ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail building includes leased suites and about 600 sqft of unfinished warehouse/storage, with a rear handicap-accessible ramp and recent upgrades.
Where is this storefront property located?
The property is located at 208 E Mason Street Franklinton, NC.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,520 SF commercial building with approximately 600 SF unfinished warehouse/storage area; Currently leased spaces include a hair salon, nail studio, massage suite, and esthetician; Rear handicap‑accessible ramp from the main parking area plus accessible approach with ramp
