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    OFF-MARKET
    Retail properties & Spaces

    3737 Us-1, Vass, NC 28394

    23,000 SF 7.22 ac lot Built 1890
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property in Vass, North Carolina, presents a significant investment opportunity. Located on a highly visible corner lot at the intersection of US Hwy 1 BUS and James Street, across from Vass-Lakeview Elementary School, this property boasts a total of approximately 23,000 square feet across three buildings situated on 7.22 acres of land. The main building, approximately 15,000 square feet, was constructed in 1907 and features multi-cross ventilation fans, a hanging propane heater, and a loading dock. The property also includes a large pavilion. The property benefits from public water and sewer, 3-phase power, two 200-amp services, and sprinklers. It is currently vacant. Zoning is mixed-use, with Parcel ID 00041122 (2.39 acres) and Parcel ID 20060260 (4.83 acres) both designated as Mixed Use. A portion of the rear area near the CSX railroad, which runs behind the property, is zoned R-1 and R-2. Note that a portion of the building sustained fire damage in 2021. This property offers unparalleled access to major transportation routes and is conveniently located within 15 minutes of Southern Pines/Pinehurst, 25 minutes of Fort Bragg, 35 minutes of the future VinFast site, and 60 minutes of the future Toyota site. The asking price is $1,300,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1890
    Total area 23,000 SF
    Lot 7.22 ac (314,503 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
    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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