5967 Us-258 La Grange, NC 28551
- Retail properties
- 9,000 SF
- 3.05 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5967 Us-258
- Year built
- 1972
- Lot size
- 3.05 lot acres
- Property size
- 9,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Grange
- County
- Lenoir
- State
- North Carolina
- Longitude
- -77.6631
- Latitude
- 35.3572
