Goldsboro Retail Plaza with
698 E New Hope Road Goldsboro, NC 27534
698 E New Hope Road, Goldsboro, NC, 27534
$425,000
For Sale
$425,000
Two-tenant plaza with salon and redevelopment potential in Goldsboro.
Property Size2,370 SF
Price / SF$179.32
Days on Market458
Property Features for 698 E New Hope Road
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1990
Listing Agency
Century 21 Triangle Group
(919) 219-9312
Listed by
Marguerite Greene · License #283390
(919) 219-9312
Source
Exitrealty
Added: Apr 16, 2025 Checked: Jul 16 at 6:09 am
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 Century 21 Triangle Group
Investment Insights
Based on property information with market context.
This two-tenant plaza, located at 698-696 E New Hope Rd in Goldsboro, presents an opportunity to acquire a property with an existing hair salon and future retail redevelopment potential. The primary space houses a fully operational hair salon with negotiable fixtures. The smaller office space at 696 E New Hope Rd is currently leased on a yearly basis, with the lease expiring in April 2026. The property is zoned General Business (GB) and is located in Wayne County Planning District. Permitted uses include barber/beauty shops, day care centers, clubs, lodges, nonprofit organizations, restaurants, churches, martial arts schools, automobile services, banks/ATMs, bakeries, clinics (medical, therapeutic), and convenience stores. The property size is 2370 square feet.
Key Highlights
- Thriving hair salon with negotiable fixtures.
- Existing tenant in small office space provides immediate income.
- Significant future retail redevelopment potential.
Local 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 | $42.7k | $18.00 |
| − Vacancy | −$1.1k | −$0.47 |
| EGI | $41.6k | $17.53 |
| − OpEx | −$12.5k | −$5.26 |
| NOI | $29.1k | $12.27 |
2,370 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$415.5K
$363.6K – $484.8K
NOI $29,086 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,378 @ 7.0% cap · market cap 31.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hair Cut Co
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-tenant plaza with salon and redevelopment potential in Goldsboro.
Where is this retail space located?
The property is located at 698 E New Hope Road Goldsboro, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Thriving hair salon with negotiable fixtures.; Existing tenant in small office space provides immediate income.; Significant future retail redevelopment potential.
