Former K-Mart Big-Box
For Lease
Contact for pricing
950 W Market St, Smithfield, NC 27577
Former K-Mart offers a slab-down interior and new roof, with wet fire suppression in place for flexible redevelopment.
Space Size40,260 SF
Days on Market54
Property Features for 950 W Market St
General Information
Standard status
Active
Size
40,260 SF
Property subtype
Former Big Box Retail
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Building Size
40,260 SF
Year Built
1978
Spaces For Lease
at 950 W Market St Contact us- Size
- 40,260 SF
- Type
- Former Big Box
- Term
- 60 months
- Rate
- Contact for pricing
950 W Market St
Listing Agency:
(919) 628-9063
Listed By:
Jim Perricone · License #NC #256210
(919) 628-9063
Source:
Partnerscrnc
Added: Jun 24
Changed: Aug 14
Last Checked: Aug 16 at 4:41AM
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 Jim Perricone
Investment Insights
Based on property information with market context.
This former K-Mart big-box retail building has been cleared down to a slab floor, with exterior walls and the roof deck left in place. A new roof has been installed, and the wet fire suppression system remains in place. The property is positioned as a blank canvas for repurposing, and the landlord is open to property modifications and lease terms to accommodate qualified, creditworthy tenants.
The asset is in West Smithfield and is approximately 2 miles east of the location for a recently announced 620,000 square foot, $100 million Amazon distribution facility launching in 2022. It is also about 2.5 miles from the East River Master Planned community under development, which includes 293 residential units. For highway access, the property is listed as roughly 2.5 miles from I-95 and about 4 miles from a future I-42 (US 70 Bypass).
The cleared interior and maintained fire suppression support a range of redevelopment and conversion concepts that can be tailored through landlord-approved modifications. An additional 22,940 square feet is available in an adjacent property, and the listing notes Duke Energy power service.
The asset is in West Smithfield and is approximately 2 miles east of the location for a recently announced 620,000 square foot, $100 million Amazon distribution facility launching in 2022. It is also about 2.5 miles from the East River Master Planned community under development, which includes 293 residential units. For highway access, the property is listed as roughly 2.5 miles from I-95 and about 4 miles from a future I-42 (US 70 Bypass).
The cleared interior and maintained fire suppression support a range of redevelopment and conversion concepts that can be tailored through landlord-approved modifications. An additional 22,940 square feet is available in an adjacent property, and the listing notes Duke Energy power service.
Key Highlights
- Former K‑Mart built in 1978, with interior taken down to slab floor for flexible redevelopment
- New roof installed; wet fire suppression system remains in place
- Located about 2 miles east on US 70 Business of the planned 620,000 SF Amazon distribution facility (launching in 2022)
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 27577, NC
24,972
Population
10,744
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
82%
High-School Grad
103.7 sq mi
ZIP Area
241
Density / Sq Mi
$56,237
Median Household Income
$39,604
Median Earnings
$802
Median Rent
$230,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Former K-Mart offers a slab-down interior and new roof, with wet fire suppression in place for flexible redevelopment.
Where is this retail space located?
The property is located at 950 W Market St Smithfield, NC.
What are key features of this property?
This property features: Former K‑Mart built in 1978, with interior taken down to slab floor for flexible redevelopment; New roof installed; wet fire suppression system remains in place; Located about 2 miles east on US 70 Business of the planned 620,000 SF Amazon distribution facility (launching in 2022)
