388 Frederick St Mount Airy, NC 27030
- Retail properties
- 207,542 SF
Current Use by Public Records
- Mayberry Mall / Shopping Mall
- Bark Mobile Mayberry Mall / Cell Phone Store
- Amazon Locker Iside / Shipping And Mailing Service
- Amazon Hub Locker - Iside / Shipping And Mailing Service
Property Details for 388 Frederick St
- Year built
- 1968
- Property size
- 207,542 SF
- Property type
- Retail properties
Description
Mayberry Mall presents a unique investment opportunity in Surry County. This 207,542 square-foot enclosed regional mall, the only one within a 40-mile radius, underwent a complete redevelopment in the summer of 2021. Originally constructed in 1968, the property now offers 16 available suites, ranging in size from a minimum of 1,226 square feet to a maximum contiguous space of 7,317 square feet. A significant 49,871 square feet of vacant space is currently available, providing substantial potential for new tenants and revenue generation. The mall benefits from a strong trade area, drawing customers from a five-county region encompassing over 226,624 residents, extending into southern Virginia. This prime location, coupled with the recent renovations, positions Mayberry Mall for continued success and growth. The property's strategic location and substantial size make it an attractive investment for both established and emerging businesses seeking a presence in a thriving regional market. The redevelopment has created a modern and updated shopping experience, attracting a diverse range of potential tenants. This opportunity allows investors to capitalize on a well-positioned, renovated retail center with significant upside potential.
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
- Mount Airy
- County
- Surry
- State
- North Carolina
- Longitude
- -80.6209
- Latitude
- 36.4987
