Two-Storefront Retail
For Sale
Contact for pricing
Pending
8341 West Franklin Street, Mount Pleasant, NC 28124
Two distinct storefronts offer a flexible setup for an owner-occupant or investor in Mount Pleasant’s Center City District.
Property Size2,764 SF
Days on Market143
Property Features for 8341 West Franklin Street
General Information
Standard status
Pending
Size
2,764 SF
Total Parking Spaces
3
Property subtype
Retail
Zoning
CC- Center City District Mount Pleasant Development
Building Details
Year Built
1940
Buildings
1
Units
3
Tenancy
Single
Listing Agency:
Four Seasons Realty
Listed By:
Garry West · License #NC 149828
(704) 576-4778
Source:
Crexi
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 28 at 5:30AM
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 Four Seasons Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail building features two separate storefronts, providing distinct spaces under one ownership. 8341 West Franklin Street is currently leased, while 8345 West Franklin Street is vacant and ready for a new tenant or personal use. The property is presented as a straightforward ownership opportunity for buyers looking for retail frontage and operational flexibility.
Located in the Center City District of historic Mount Pleasant, the property is described as highly visible at the center of town. The two storefronts support street-level presence and separate identity for each space.
For a tenant-user, the vacant unit at 8345 West Franklin Street can be used as a personal retail location, with the benefit of being part of a two-storefront arrangement. For an investor, the leased status of 8341 West Franklin Street offers existing rental occupancy alongside a second storefront that may be marketed for lease. The combination of a current tenant and a ready-to-occupy space can simplify planning for operators who prefer options within a single property.
Located in the Center City District of historic Mount Pleasant, the property is described as highly visible at the center of town. The two storefronts support street-level presence and separate identity for each space.
For a tenant-user, the vacant unit at 8345 West Franklin Street can be used as a personal retail location, with the benefit of being part of a two-storefront arrangement. For an investor, the leased status of 8341 West Franklin Street offers existing rental occupancy alongside a second storefront that may be marketed for lease. The combination of a current tenant and a ready-to-occupy space can simplify planning for operators who prefer options within a single property.
Key Highlights
- Commercial property built in 1940 in Mount Pleasant’s Center City District
- Two distinct storefronts with a flexible setup for an owner‑occupant or investor
- Address 8341 W Franklin is currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,933
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,660
$678.7K
Cap Rate 7%
$484,757
$484.8K
Cap Rate 9%
$377,033
$377.0K
Market Conditions
NOI Build-Up for 2,764 SF
Gross rent
$52.4K $18.96/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$48.5K $17.54/SF
− OpEx
−$14.5K −$5.26/SF
NOI
$33.9K $12.28/SF
Area
Cabarrus County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,660
Cap Rate 7%
$484,757
Cap Rate 9%
$377,033
Alternative Uses
Best Use
Retail
$484.8K
$424.2K – $565.6K
NOI $33,933 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Shell
Shops & Services
12,809 visits/mo
0.4 miles
Whataburger
Dining
9,308 visits/mo
0.1 miles
Demographics for 28124, NC
6,922
Population
2,452
Households
2.8
Avg Household Size
43
Median Age
23%
College-Educated
89%
High-School Grad
58.1 sq mi
ZIP Area
119
Density / Sq Mi
$76,600
Median Household Income
$42,593
Median Earnings
$1,078
Median Rent
$267,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Two distinct storefronts offer a flexible setup for an owner-occupant or investor in Mount Pleasant’s Center City District.
Where is this storefront property located?
The property is located at 8341 West Franklin Street Mount Pleasant, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Commercial property built in 1940 in Mount Pleasant’s Center City District; Two distinct storefronts with a flexible setup for an owner‑occupant or investor; Address 8341 W Franklin is currently leased
