Property profile

701 Us 1 Hwy Norlina, NC 27563

OFF-MARKET
Retail properties & Spaces
1,929 SF 1.1 ac lot Built 1960
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 1,929 SF
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

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

Location

701 Us 1 Hwy Norlina, NC 27563
Norlina 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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