Property profile

500 Julius Chambers Ave Mount Gilead, NC 27306

OFF-MARKET
Specialty properties
1,860 SF 0.92 ac lot
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Property summary

AI-generated overview

This exceptional 0.92-acre commercial property at 500 Julius Chambers Avenue N in Mount Gilead, North Carolina, presents a unique investment opportunity. Boasting 1,860 square feet of space, the property is currently configured as a retail location, stocked with inventory (available for purchase separately). The building features easy entry and exit, with no steps, making it accessible and convenient. Its versatile design and location offer a multitude of potential uses, including but not limited to retail, food service (food truck compatible), farm produce sales, medical or dental offices, hair salon, vape or smoke shop, pawn shop, or even a breakfast restaurant. Alternatively, with necessary permits and modifications, the property could be converted into residential use, such as a single-family home, townhouses, or condominiums. Situated on a lot with approximately 289 feet of road frontage along Highway 109, this property benefits from high traffic counts, ensuring excellent visibility and accessibility. The asking price is $179,000. This is a rare chance to acquire a well-located property with significant potential in a growing area. Don't miss this opportunity to own a piece of Mount Gilead's commercial landscape. The zip code is 27306.

Property profile

Verified
Property type Specialty properties
Total area 1,860 SF
Lot 0.92 ac (40,075 SF)

Cap rate & NOI

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

Location

500 Julius Chambers Ave Mount Gilead, NC 27306
Mount Gilead 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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