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    212 Center St Mount Olive, NC 28365

    Sponsored
    For Sale
    $197,900

    Prime NC location, 3,236 sq ft lot.

    Property size:
    3,236 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a 7,405 square foot lot located at 212 N Center Street in Mount Olive, North Carolina, 28365. The property, categorized as Special Purpose Land, encompasses a substantial 3,236 square feet. Currently improved with three rental units, this property offers immediate income potential for investors. The asking price is $197,900. The property is being sold "AS IS," reflecting a family sale. This presents a unique chance to acquire a well-situated commercial property in a thriving North Carolina community. The existing rental units are currently occupied, providing a steady stream of rental income. The property's location in Mount Olive, Wayne County, offers convenient access to local amenities and transportation routes. Prospective buyers are encouraged to schedule a viewing to fully assess the potential of this promising investment. The property is zoned for commercial use, providing flexibility for future development or expansion. This is a rare opportunity to acquire a turnkey commercial property with existing income, making it an attractive investment for both seasoned and new investors. The property's size and location make it ideal for a variety of commercial uses.

    Property Features for 212 Center St

    General Information

    Property type
    Land
    Square Feet
    3,236 SF

    HighLights

    • 7,405 SF lot at 212 N Center Street, Mount Olive, NC 28365.
    • 3,236 SF building with three occupied rental units generating immediate income.
    • Asking price: $197,900, sold "AS IS".
    • Commercial zoning allows for flexibility in future development.
    • Turnkey commercial property in a thriving North Carolina community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Olive
    County
    Wayne
    State
    North Carolina
    Longitude
    -78.0651617
    Latitude
    35.1971495

    Nearby Comparable

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      14.42 acres of land conveniently located near town.
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    • $52,700
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    FAQs

    What type of property is this?
    Land - Prime NC location, 3,236 sq ft lot.
    Where is this land located?
    The property is located at 212 Center St Mount Olive, NC.
    What is the asking price?
    The asking price for this property is $197,900.
    What are key features of this property?
    This property features: 7,405 SF lot at 212 N Center Street, Mount Olive, NC 28365.; 3,236 SF building with three occupied rental units generating immediate income.; Asking price: $197,900, sold "AS IS".
    Request Owner's contact information
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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
    212 Center St Mount Olive, NC 28365
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