Property profile

502 Us Highway 1 Norlina, NC 27563

OFF-MARKET
Commercial real estate
1,680 SF 0.16 ac lot Built 1940
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Property summary

AI-generated overview

This exceptional turnkey business opportunity in Norlina, NC, presents a fully operational beauty supply store and salon within a single 1,680-square-foot building situated on a 0.16-acre lot. The property is located at 502 US Highway 1 N, Unit 502, offering high visibility and convenient access. The business is currently generating income through established booth rental agreements with multiple tenants, each paying $400 per month on a month-to-month basis. All existing salon and spa equipment is included in the sale, encompassing salon stations with chairs, a nail technician station with chair, a pedicure spa chair, shampoo stations, blow dryer stations, waiting area chairs, and televisions. The beauty supply store inventory is also conveyed with the sale, including a variety of hair supplies and a mobile check-out counter. Recent improvements include the installation of commercial-grade doors and windows, enhancing both the aesthetic appeal and functionality of the space. This established business offers immediate income potential and a strong foundation for continued growth and success. The asking price for this turnkey operation is $325,000. This represents a unique opportunity to acquire a profitable, established business with significant upside potential. Don't miss out on this exceptional investment opportunity.

Property profile

Verified
Property type Commercial real estate
Year built 1940
Total area 1,680 SF
Lot 0.16 ac (6,970 SF)

Cap rate & NOI

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

Location

502 Us Highway 1 Norlina, NC 27563
Norlina metro
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Value estimations

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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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