202 Dr Donnie H Jones Jr Blvd, Princeton, NC 27569
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.
Cap rate
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