Main St Andrews, NC 28901

Property Details for 0 Main St

Lot size

9.56 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

Exceptional redevelopment opportunity awaits at West End Plaza, a 9.56-acre shopping center strategically located on Main Street in Andrews, North Carolina. This property presents a unique investment prospect, encompassing three single-story buildings, including a freestanding restaurant. Currently operating at 60% occupancy, the existing structures offer immediate income potential. The property features two red iron metal buildings, providing a solid foundation for future development. Zoned for Business Highway use, this site offers significant potential for expansion and diversification. The property's prime location at the entrance to Andrews, alongside the Valley River, provides excellent visibility and accessibility. Andrews is experiencing robust growth, with 24 new businesses established in the last 18 months, creating a high demand for housing and retail space. This presents a compelling opportunity to capitalize on the area's economic expansion. The proximity to the Great Smoky Mountains National Park (attracting 14 million visitors annually) and Harrah's Valley River Casino (undergoing a $275 million expansion) further enhances the property's investment appeal. Major employers such as Snap-On Tools, Freedom Industries, Moog, IOI, and Erlanger Medical are also located nearby. This is an asset sale only; while a rent roll is available, the sale is not based on a cap rate. Adjacent vacant land is also available for purchase, potentially expanding the total acreage to over 55 acres. City water and sewer are readily available.

Location Insight

City

Andrews

County

Cherokee

State

North Carolina

Longitude

-83.8265

Latitude

35.2004