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    OFF-MARKET
    Retail properties & Spaces

    5967 Us-258, La Grange, NC 28551

    9,000 SF 3.05 ac lot Built 1972
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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