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    OFF-MARKET
    Retail properties & Spaces

    202 Dr Donnie H Jones Jr Blvd, Princeton, NC 27569

    12,400 SF 1.46 ac lot Built 1984
    Property ID
    Property summary
    AI-generated overview

    This 12,400 square foot former Piggly Wiggly grocery store in Princeton, NC, is available for $995,000. Built in 1984 and renovated in 2021, this single-story building features a steel frame with concrete block walls and a brick exterior. A new roof was installed approximately two years ago. The property sits on a 1.46-acre lot with 75 parking spaces and is zoned C-2. An 11' x 50' metal building (not included in square footage) houses a cooler and freezer. Grocery trade fixtures are available at buyer's discretion, making this a "plug and play" opportunity. Located at 202 Dr Donnie H Jones Jr Blvd W, it's conveniently situated near US 70 Hwy. The seller owns adjacent residential property (206 Elm St) and may include it in the sale. All reasonable offers will be considered. Detailed traffic data is available. Priced well below replacement cost, this property presents a strong investment opportunity with potential for repurposing.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1984
    Total area 12,400 SF
    Lot 1.46 ac (63,598 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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