388 Frederick St Mount Airy, NC 27030
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.
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Mayberry Mall Shopping Center & Mall
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Bark Mobile Mayberry Mall Mobile Phone Store Electronics & Wireless Store
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Amazon Locker Iside Courier Service Postal Service
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Amazon Hub Locker - Iside Courier Service Postal Service
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
Similar Nearby for Lease
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.