Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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