Property profile

202 Dr Donnie H Jones Jr Blvd Princeton, NC 27569

OFF-MARKET
Retail properties & Spaces
12,400 SF 1.46 ac lot Built 1984
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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

Location

202 Dr Donnie H Jones Jr Blvd Princeton, NC 27569
Princeton metro
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Value estimations

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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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