206 Commerce Ave Southern Pines, NC 28387

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.