112 Pollock St Selma, NC 27576
- Commercial real estate
- 23,690 SF
- 0.78 lot acres
Current Use by Public Records
- Itzell's Antiques / Store
- Raleigh General Store / General Store
Property Details for 112 Pollock St
- Year built
- 1950
- Lot size
- 0.78 lot acres
- Property size
- 23,690 SF
- Zone code
- COM
- Property type
- Commercial real estate
- APN
- 14027033
- APU
- 14027033
Description
This exceptional redevelopment opportunity presents four available spaces within the 23,685 square foot 112 Exchange building, a former Pepsi bottling plant in historic downtown Selma, North Carolina. Located in Johnston County, one of North Carolina's fastest-growing areas, this prime location boasts high visibility and traffic, exceeding 18,000 cars daily. The brick building offers a unique blend of character and modern potential, perfect for a variety of retail, restaurant, or showroom uses. Spaces range from a minimum of 2,242 square feet to a maximum contiguous space of 10,036 square feet, providing flexibility for businesses of various sizes. Currently, 19,589 square feet are vacant, presenting a significant opportunity for immediate occupancy. The property's strategic location is a key advantage, situated within a half-mile of I-95 and within one mile of the Carolina Premium Outlets, ensuring high exposure and accessibility. Furthermore, its proximity to the Amtrak train terminal adds another layer of convenience and accessibility. This is an unparalleled chance to establish a presence in a thriving community with exceptional visibility and convenient access to major transportation arteries. The building's history and unique character offer a distinct advantage in attracting customers and establishing a strong brand identity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $355,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $350,000
- Mixed-Use
- $345,000
- Hospitality
- $295,000
- Educational
- $390,000
- Residential Income
- $320,000
- Energy
- $345,000
- Income-Based Land
- $345,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Selma
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.2851
- Latitude
- 35.536
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
