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Land with Highway Frontage Building

352 Sunny View Dr, Rutherfordton, NC 28139

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For Sale

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10-acre tract with 5,000 SF building near Equestrian Center.

Type:Retail

Property size:

5,000 SF

Lot size:

10.00 Acres

Price / SF:

$165/SF

HighLights

Prime location: Just one mile from Tryon International Equestrian Center.
High visibility: Boasting over 600 ft of highway road frontage.
Zoned for multiple use: An excellent investment opportunity.
Large 5000 sq ft red iron building: Suitable for various businesses.
Functional building layout: Includes reception/shop area, offices, bathroom, and storage.
Equipped with 5 garage bays: One bay previously used as a paint booth.

We can help!

Contact an agent

Jannell Peterson

For Sale

Contact for pricing

10-acre tract with 5,000 SF building near Equestrian Center.

Type:Retail

Property size:

5,000 SF

Lot size:

10.00 Acres

Price / SF:

$165/SF

Added:: Jan 9, 2024
Days on Market:: 909
Last Refresh:: Jul 2 at 9:35 am

Property Features for 352 Sunny View Dr

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 10.00 Acres
Property subtype: Retail

Building Details

Year Built: 1998

We can help!

Contact an agent

Jannell Peterson

Listing office J. PETERSON REALTY & ASSOCIATES, LLC

Listing date Jan 9, 2024

Source Crexi

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 J. PETERSON REALTY & ASSOCIATES, LLC

HighLights

Prime location: Just one mile from Tryon International Equestrian Center.
High visibility: Boasting over 600 ft of highway road frontage.
Zoned for multiple use: An excellent investment opportunity.
Large 5000 sq ft red iron building: Suitable for various businesses.
Functional building layout: Includes reception/shop area, offices, bathroom, and storage.
Equipped with 5 garage bays: One bay previously used as a paint booth.

Overview

This 10-acre tract of land is located one mile from the Tryon International Equestrian Center. The property includes a 5,000-square-foot red iron building that houses 5 garage bays, one of which was previously used as a paint booth, and a separate employee bathroom. The front of the building is configured with a reception/shop area, two offices, a bathroom, and a storage closet. With over 600 ft of highway road front footage, this property is zoned for multiple use. This location in a high-traffic area may be suitable for a variety of businesses.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$72.0k	$14.40
− Vacancy	−$1.4k	−$0.27
EGI	$70.6k	$14.13
− OpEx	−$21.2k	−$4.24
NOI	$49.4k	$9.89

5,000 SF · lease $14.40/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$706.3K

$618.0K – $824.0K (±1% cap)

NOI $49,442 @ 7.0% cap · market cap 5.99%

Second Best

Industrial

$360.8K

$315.7K – $420.9K (±1% cap)

NOI $25,253 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$1.10M

$964.8K – $1.29M (±1% cap)

NOI $77,184 @ 7.0% cap · market cap 9.36%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Rutherfordton
County: Rutherford
State: North Carolina
Longitude: -82.051121
Latitude: 35.286585

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What type of property is this?

Retail property - 10-acre tract with 5,000 SF building near Equestrian Center.

Where is this retail property located?

The property is located at 352 Sunny View Dr Rutherfordton, NC.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Prime location: Just one mile from Tryon International Equestrian Center.; High visibility: Boasting over 600 ft of highway road frontage.; Zoned for multiple use: An excellent investment opportunity.