Property profile

5967 Us-258 La Grange, NC 28551

OFF-MARKET
Retail properties & Spaces
9,000 SF 3.05 ac lot Built 1972
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Property summary

AI-generated overview

This exceptional investment opportunity in La Grange, North Carolina, presents a thriving retail strip center on US-258. The property encompasses three existing storefront buildings totaling 9,000 to 13,000 square feet, currently operating at 85% occupancy, generating a strong net operating income (NOI) of $72,000. Constructed in 1972 and renovated in 2008, the center sits on a 3.05-acre lot with convenient road frontage of approximately 180 feet. The property includes an additional 3,000 square feet of shop space situated behind the main center, along with a separate rental house. The property is zoned for commercial use and features a single-story design across three buildings. The asking price is $799,000. The property's location and existing infrastructure provide a solid foundation for continued success and potential expansion, making it an attractive investment opportunity in eastern North Carolina. Parcel numbers are 322631 & 300036.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1972
Total area 9,000 SF
Lot 3.05 ac (132,858 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5967 Us-258 La Grange, NC 28551
La Grange metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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