620 Dr Donnie H Jones Jr Blvd, Princeton, NC 27569
This exceptional 13,000-square-foot freestanding retail building presents a unique investment opportunity in the thriving town of Princeton, North Carolina. Strategically located off US Highway 70, this property boasts high visibility and easy accessibility, benefiting from a substantial daily traffic volume of 31,500 vehicles. Previously occupied by a grocery store and later a Family Dollar, the building offers versatile space suitable for a wide range of retail uses. Consider uses such as vehicle or equipment sales, building supply operations, a contractor's office with yard space, light warehousing, or similar businesses. The building's robust construction features concrete block and brick, ensuring durability and longevity. Its convenient location offers proximity to major transportation arteries, including Interstate 95 (9.5 miles) and Raleigh (35 miles). The property includes a single existing dock, with the potential for adding a drive-in bay. Further enhancing its appeal, the site provides ample yard space and three-phase power. The C-3 Neighborhood and Highway zoning allows for a variety of commercial uses. This is an outstanding chance to establish a presence in a rapidly expanding market. The entire 13,000 square feet is currently vacant, providing immediate occupancy for a new tenant.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.