Two-Tenant Storefront
For Sale
$425,000
698 E New Hope Rd, Goldsboro, NC 27534
General Business zoning and an established salon-office configuration support varied commercial use possibilities.
Property Size2,370 SF
Price / SF$179.32
Days on Market82
Property Features for 698 E New Hope Rd
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Business Opportunity
Zoning
GB
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Century 21 Triangle Group
Listed By:
Marguerite Greene · License #283390
(919) 219-9312
Source:
Tcrnc
Added: Jul 25
Changed: Oct 3
Last Checked: Oct 7 at 4:43PM
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 2,370 SF storefront property, built in 1990, is configured as a two-tenant plaza. The primary suite operates as a hair salon, with fixtures available for negotiation. A smaller office suite is occupied under a yearly lease scheduled to end in April 2026, providing an existing income component within the property.
Located at 698 E New Hope Rd in Goldsboro, the property carries General Business (GB) zoning and falls within the Wayne County Planning District. Listed permitted uses include barber and beauty services, day care, restaurant, bank or ATM, bakery, clinic, convenience store, automobile service, church, martial arts school, and nonprofit or club facilities. The configuration offers a compact storefront format with both service and office space.
Located at 698 E New Hope Rd in Goldsboro, the property carries General Business (GB) zoning and falls within the Wayne County Planning District. Listed permitted uses include barber and beauty services, day care, restaurant, bank or ATM, bakery, clinic, convenience store, automobile service, church, martial arts school, and nonprofit or club facilities. The configuration offers a compact storefront format with both service and office space.
Key Highlights
- 2,370 SF two‑tenant storefront property at 698 E New Hope Rd
- Primary suite configured as an operating hair salon
- Smaller office suite leased yearly through April 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,086
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,720
$581.7K
Cap Rate 7%
$415,514
$415.5K
Cap Rate 9%
$323,178
$323.2K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$42.7K $18.00/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$41.6K $17.53/SF
− OpEx
−$12.5K −$5.26/SF
NOI
$29.1K $12.27/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,720
Cap Rate 7%
$415,514
Cap Rate 9%
$323,178
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 84%
Shops & Services 16%
Food Lion Grocery Store
Groceries
19,754 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,777 visits/mo
0.3 miles
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value
Check the figures for this property
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?
Storefront property - General Business zoning and an established salon-office configuration support varied commercial use possibilities.
Where is this storefront property located?
The property is located at 698 E New Hope Rd 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: 2,370 SF two‑tenant storefront property at 698 E New Hope Rd; Primary suite configured as an operating hair salon; Smaller office suite leased yearly through April 2026
