Retail and Office
For Sale
$950,000
432 E Cornelius Harnett Boulevard E, Lillington, NC 27546
SINGLE_FAMILY - Lillington, NC
Property Size3,101 SF
Lot Size0.37 Acres
Price / SF$306.35
Days on Market160
Property Features for 432 E Cornelius Harnett Boulevard E
General Information
Property type
Residential
Property subtype
Retail
Zoning description
OTHER - Other
Parking features
Off Street
Security features
Security
Lot features
Item14to12 Acre Lot, Cleared, Level
Directions
GPS
Standard status
Active
APN
0660-05-4745.000
Size
3,101 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
1 LOT 115X166(I) MCLEAN
Legal Description
1 LOT 115X166(I) MCLEAN
Utilities
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1960
Building materials
VerticalSiding, VinylSiding
Roof type
Metal
Listing Agency:
NIPPER PROPERTIES
(910) 984-5506
Listed By:
ANNA WOMACK · License #331319
(910) 890-5971
Added: Feb 21
Changed: Jul 9
Last Checked: Jul 31 at 6:06PM
MLS# 757753
Copyright © 2026 Longleaf Pine Realtors. 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 and office building sits on a 0.37-acre lot and currently operates with a bookstore and a wine bar. The property includes multiple office areas and onsite restrooms, along with plenty of storage. The wine bar leasing space has undergone some renovations, and the interior has been opened up to create a large, flexible open area that can be customized for future use.
Positioned within the Lillington historic downtown district, the property is described as being a short distance from a main intersection and along a primary transportation corridor. The remarks cite a daily traffic count of over 18,000 cars, supporting strong visibility and exposure.
According to the listing, zoning is flexible and may accommodate a wide range of professional, commercial, auto and retail applications, providing practical flexibility for owner-users or multi-space configurations.
Positioned within the Lillington historic downtown district, the property is described as being a short distance from a main intersection and along a primary transportation corridor. The remarks cite a daily traffic count of over 18,000 cars, supporting strong visibility and exposure.
According to the listing, zoning is flexible and may accommodate a wide range of professional, commercial, auto and retail applications, providing practical flexibility for owner-users or multi-space configurations.
Key Highlights
- 0.37‑acre downtown Lillington retail/office property with off‑street parking
- Metal roof; vertical and vinyl siding; built in 1960
- Central air and electric cooling; public water supply
Financial Insights For Specialty 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 | $52.8k | $17.04 |
| − Vacancy | −$3.3k | −$1.06 |
| EGI | $49.6k | $15.98 |
| − OpEx | −$12.4k | −$4.00 |
| NOI | $37.2k | $11.99 |
3,101 SF · lease $17.04/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$531.1K
$464.7K – $619.6K
NOI $37,174 @ 7.0% cap · market cap 3.91%
Second Best
Office B
$482.7K
$422.4K – $563.2K
NOI $33,791 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$675.0K
$590.7K – $787.6K
NOI $47,253 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27546, NC
20,637
Population
7,933
Households
2.6
Avg Household Size
37
Median Age
26%
College-Educated
89%
High-School Grad
122.5 sq mi
ZIP Area
168
Density / Sq Mi
$61,781
Median Household Income
$39,914
Median Earnings
$1,079
Median Rent
$227,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail and office property on 0.37 acres in downtown Lillington, currently operating a bookstore and wine bar.
Where is this storefront property located?
The property is located at 432 E Cornelius Harnett Boulevard E Lillington, NC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 0.37‑acre downtown Lillington retail/office property with off‑street parking; Metal roof; vertical and vinyl siding; built in 1960; Central air and electric cooling; public water supply
