Property profile

105 B St Erwin, NC 28339

OFF-MARKET
Strip malls
Property ID
US53-0962837
3,200 SF 0.21 ac lot Built 1955
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 800-square-foot retail space presents a fantastic opportunity for a hair salon owner or investor. Located in a peaceful neighborhood near downtown Erwin, this single-tenant property is completely vacant and ready for immediate occupancy. The existing build-out includes four styling stations and three wash stations, providing ample space for a thriving business. A convenient bathroom is also included. The property boasts six parking spaces, ensuring ample parking for clients and staff. Utilities are serviced by Duke Power, providing a reliable energy source. The property's location offers a blend of accessibility and tranquility, making it an ideal setting for a salon seeking a comfortable and convenient location. The property is situated within the Harnett County submarket, specifically within the hair salon submarket cluster. This turnkey solution eliminates the need for extensive renovations, allowing for a quick start-up and immediate revenue generation. The property's size and amenities make it suitable for a variety of salon concepts, from a small, intimate setting to a larger, more established business. This is a rare opportunity to acquire a fully equipped and ready-to-use hair salon in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1955
Total area 3,200 SF
Lot 0.21 ac (9,148 SF)
Zoning code B2
APN 6059715320003
UPID US53-0962837

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

105 B St Erwin, NC 28339-2720
Erwin metro Census 70500 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2019
2 recorded transactions
2019
$60,000
1969
Price N/A

Zoning & alternative use

B2 · Erwin, NC
Zoning description

It is the purpose of this district to accommodate a wide variety of large commercial, wholesale, and retail businesses.

General category COMMERCIAL

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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