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    206 Commerce Ave Southern Pines, NC 28387

    Sponsored
    For Sale
    $2,500,000

    Prime retail center, high occupancy.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add opportunity presents a fully leased, 7,500 square foot, single-story shopping center in Southern Pines, North Carolina. Located at 206-216 Commerce Avenue, this L-shaped property enjoys a high-traffic location at the intersection of Commerce Avenue and Turner Street, just moments from Highways 15/501 and 211. The property's strategic positioning ensures excellent visibility and benefits from its proximity to major retailers including Walmart, Staples, Goodwill, and Lowe's. Currently boasting 100% occupancy with six diverse tenants, including Qwik Pack & Ship, Bella Vie Hair Studio, Anthony's Barber Shop, and Imagine Moore Events, this center offers a vibrant and established retail environment. Built in 1986, the property sits on a 0.52-acre lot and is zoned GB - General Business. The asking price is $2,500,000, representing a price per square foot of $333.33, with a current Net Operating Income (NOI) of $51,997 and a 2.08% capitalization rate. This property presents a compelling investment opportunity for those seeking a stable, high-occupancy retail asset with significant upside potential in a thriving market. The property's APN is 00048101 and is owned by Yadkin Park, LLC.

    Property Features for 206 Commerce Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,500 SF
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • 100% Occupied
    • High‑Demand Location
    • Strong Tenant Roster
    • Excellent Lease Terms
    • Significant Upside Potential
    Property Profile Location Intelligence

    Current Use by Public Records

    Interim HealthCare of Pinehurst ... Home Health Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Southern Pines
    County
    Moore
    State
    North Carolina
    Longitude
    -79.422590788511
    Latitude
    35.161412633941

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    FAQs

    What type of property is this?
    Lifestyle center - Prime retail center, high occupancy.
    Where is this lifestyle center located?
    The property is located at 206 Commerce Ave Southern Pines, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 100% Occupied; High-Demand Location; Strong Tenant Roster
    Request Owner's contact information
    206 Commerce Ave Southern Pines, NC 28387
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    Southern Pines, NC 28387
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Commerce Ave Southern Pines, NC 28387
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