Property summary
This exceptional 131,000-square-foot shopping center in Gibsonville, North Carolina, presents a compelling investment opportunity. Located at 110 Railroad Ave, 27249, in Guilford County, this partially occupied facility is undergoing repositioning, offering significant potential for retail or self-storage conversion. The property boasts an established downtown location, benefiting from proximity to the high-income area surrounding Elon University. Currently, 45% of the space is occupied by established tenants, with remaining areas available for lease. Flexible spaces cater to a variety of uses, making it ideal for businesses ranging from bookstores and breweries to fitness centers, entertainment venues, or self-storage operations. Tenants can secure spaces ranging from 10,000 to over 73,000 square feet. The asking price is $8,908,000, translating to $68 per square foot. Detailed information, including environmental reports, surveys, floor plans, and photographs, is accessible via a provided Dropbox link. This property offers a strong foundation for a successful retail or adaptive reuse project in a vibrant, established community. The property is for sale by owner.
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6 recent transactions · within 1.5 miComparable in this City
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