3737 Us-1, Vass, NC 28394
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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