844 15Th St Washington, NC 27889
- Lifestyle centers
- 52,270 SF
- 4.50 lot acres
Current Use by Public Records
- Jones Insurance Agency Inc / Home Insurance Agency / Insurance Agency
- Beaufort County Republican Party / Political Party Office
Property Details for 844 15Th St
- Year built
- 1971
- Lot size
- 4.50 lot acres
- Property size
- 52,270 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
- APN
- 5676-84-2679
Description
This exceptional 52,270 square foot shopping center in Washington, NC, presents a compelling investment opportunity. Situated on a 4.5-acre lot with a prominent 430-foot road frontage on Minuteman Lane and a stoplight corner location on 15th Street, this property boasts high visibility and accessibility. The center features 18 retail units, 17 of which are currently leased, generating immediate income. With over 270 parking spaces in a paved lot and a daily traffic count of 18,500 vehicles on 15th Street, this property offers significant potential for growth and expansion. Built in 1971, the center is zoned commercial (APN: 5676-84-2679) and offers a strong return on investment at $88.96 per square foot. The asking price is $4,650,000. This location offers a thriving business environment, enhanced by the city's attractive cost of living, access to a skilled workforce, and excellent transportation links. The property's size and location make it ideal for a variety of retail businesses seeking a strong presence in a growing community. The substantial parking and high traffic count ensure ample customer access. This is a rare opportunity to acquire a well-established, income-producing shopping center in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Beaufort
- State
- North Carolina
- Longitude
- -77.0566937
- Latitude
- 35.5604358
