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    OFF-MARKET
    Commercial real estate

    1105 Erwin Rd, Dunn, NC 28334

    1,512 SF 0.9 ac lot Built 1959
    Property ID
    US53-1212341
    Property summary
    AI-generated overview

    This exceptional commercial investment opportunity presents two traditional office buildings totaling 1,512 square feet, situated on a combined 0.9-acre lot in Dunn, North Carolina. Located at 1105 Erwin Rd, this property boasts over 300 feet of road frontage and approximately 250 feet of depth, placing it within a thriving medical corridor. Both single-story buildings, constructed in 1959, are currently 100% occupied under a gross lease agreement with multiple tenants. The property features city water and sewer connections, and natural gas service provided by Piedmont Natural Gas. Zoned for office and institutional use within the City of Dunn jurisdiction, this property offers significant potential for growth and return on investment. Dunn, a twice-designated "All America City," enjoys a robust economy and a revitalized downtown area, attracting new residents and businesses. Its convenient location off I-95 provides easy access to Raleigh (30 minutes south), the Crystal Coast (two hours east), and Fort Liberty/Fayetteville (30 minutes north). The asking price for this multi-unit property is $500,000, representing a price per square foot of $330.69. This is a rare opportunity to acquire a well-located, income-producing property in a rapidly growing area. The property's prime location and strong tenant occupancy make it an attractive investment for discerning buyers.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1959
    Total area 1,512 SF
    Lot 0.9 ac (39,204 SF)
    UPID US53-1212341
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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