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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

388 Frederick St Mount Airy, NC 27030

207,542 SF Built 1968
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1968
Total area 207,542 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mayberry Mall Shopping Center & Mall
  • Bark Mobile Mayberry Mall Mobile Phone Store Electronics & Wireless Store
  • Amazon Locker Iside Courier Service Postal Service
  • Amazon Hub Locker - Iside Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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