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    620 Dr Donnie H Jones Jr Blvd Princeton, NC 27569

    Sponsored
    For Lease
    $9 SF/Yr ($9,750 /Mo)

    13,000 SF Freestanding Retail Building

    Lot size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,000-square-foot freestanding retail building presents a unique investment opportunity in the thriving town of Princeton, North Carolina. Strategically located off US Highway 70, this property boasts high visibility and easy accessibility, benefiting from a substantial daily traffic volume of 31,500 vehicles. Previously occupied by a grocery store and later a Family Dollar, the building offers versatile space suitable for a wide range of retail uses. Consider uses such as vehicle or equipment sales, building supply operations, a contractor's office with yard space, light warehousing, or similar businesses. The building's robust construction features concrete block and brick, ensuring durability and longevity. Its convenient location offers proximity to major transportation arteries, including Interstate 95 (9.5 miles) and Raleigh (35 miles). The property includes a single existing dock, with the potential for adding a drive-in bay. Further enhancing its appeal, the site provides ample yard space and three-phase power. The C-3 Neighborhood and Highway zoning allows for a variety of commercial uses. This is an outstanding chance to establish a presence in a rapidly expanding market. The entire 13,000 square feet is currently vacant, providing immediate occupancy for a new tenant.

    Property Features for 620 Dr Donnie H Jones Jr Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,000 SF
    Total Rate
    9750

    Unit(s) available at that property

    Space
    Size
    13,000 SF
    Rate per SF
    $9

    HighLights

    • 13,000 SF freestanding retail building in Princeton, NC.
    • Previously occupied by a grocery store and Family Dollar.
    • Located 9.5 miles from I‑95 and 35 miles from Raleigh.
    • High visibility and accessibility from US 70 Hwy/Future I‑42 (31,500 VPD).
    • Concrete block and brick construction.
    • Suitable for various uses including retail, sales, and light warehousing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Princeton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.14848339312
    Latitude
    35.461810917379

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      Princeton Commercial Location For Lease

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    Nearby Similar for Lease

    • $950 /Mo
      Pending

      Downtown Princeton Storefront Office/Retail Space

      Storefront office/retail space in downtown Princeton, growing community.
      113 W Edwards St, Princeton, NC 27569
      View Details
    • $9 SF/Yr
      13,000 SF

      Freestanding Retail Building in Princeton

      13,000 SF retail building in rapidly growing Princeton, NC.
      620 Dr Donnie H Jones Jr Blvd E, Princeton, NC 27569
      View Details

    FAQs

    What type of property is this?
    Retail property - 13,000 SF Freestanding Retail Building
    Where is this retail property located?
    The property is located at 620 Dr Donnie H Jones Jr Blvd Princeton, NC.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 13,000 SF freestanding retail building in Princeton, NC.; Previously occupied by a grocery store and Family Dollar.; Located 9.5 miles from I-95 and 35 miles from Raleigh.
    Request Owner's contact information
    620 Dr Donnie H Jones Jr Blvd Princeton, NC 27569
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    Princeton, NC 27569
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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
    620 Dr Donnie H Jones Jr Blvd Princeton, NC 27569
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