Property profile

0 Main St Andrews, NC 28901

OFF-MARKET
Lifestyle centers
9.56 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Lot 9.56 ac (416,434 SF)

Cap rate & NOI

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

Location

Main St Andrews, NC 28901
Andrews metro
Google Maps

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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