701 Us 1 Hwy Norlina, NC 27563
This exceptional 1,929 square foot retail property is ideally situated on US Highway 1 in Norlina, North Carolina, offering unparalleled visibility and accessibility. The 1.1-acre lot ensures ample space for expansion or outdoor activities. Historically used as a restaurant and plumbing business for nearly four decades, this building boasts a rich history and established presence within the community. The main area of the building features an oil furnace for heating, and includes two functional half-bathrooms. Approximately 560 square feet of unheated storage space is available, providing versatile options for inventory or equipment. The property benefits from significant traffic volume, with precise figures currently being compiled. Its proximity to Northside School adds to its appeal and potential customer base. This is a remarkable opportunity to establish or relocate your business in a thriving location. The property's long history and established infrastructure provide a solid foundation for a variety of commercial ventures. Don't miss this chance to own a piece of Norlina's commercial landscape. Act quickly to secure this prime retail space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.