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Property profile & analytics
OFF-MARKET Estimated value $2,245,000
Strip malls

1106 Aberdeen Rd Laurinburg, NC 28352-2607

8,040 SF 6.4 ac lot Built 1988
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-3324281
Property summary
AI-generated overview

Northside Square Shopping Center, located at 1106 Aberdeen Rd in Laurinburg, North Carolina, presents a prime retail opportunity. This single-story, 43,320 square foot center, built in 1988, sits on a 6.4-acre lot and is zoned GB. The property currently features six suites, with one significant space available for lease, totaling 6,730 square feet. This presents a unique chance to establish or expand a business in a well-established center. The property's convenient location in Scotland County, North Carolina, offers excellent visibility and accessibility for customers. The existing building is a single structure, offering a cohesive and easily managed space. The ample land area provides potential for future expansion or outdoor amenities. This is an exceptional opportunity for businesses seeking a strong presence in a thriving community. The property's existing infrastructure and established location minimize start-up costs and maximize immediate impact. The available space is ready for immediate occupancy, allowing for a swift and efficient business launch. Interested parties should inquire about lease terms and conditions. The property's single-story design offers convenient access and ample parking for customers and employees.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,040 SF
Lot 6.4 ac (278,784 SF)
Zoning code GB
APN 020305 01062
UPID US53-3324281
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
Current use
Occupant on record · Public records
  • Puffs tobacco & vapor (Bike/Boat/Book/etc) Store
  • Magic Nails Nail Salon
  • Gilchrist family restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.25M
Owner & transaction history
Eire Laurinburg LLC · 3 yrs held
Eire Laurinburg LLC
since 2022
Last sale
$2.0M
6 recorded transactions
2022
$2.0M
2021
Price N/A
2020
$1.5M
2019
Price N/A
2018
$1.2M
2014
$1.8M
Zoning & alternative use
GB · Laurinburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6.3.8 GB General Business District. The GB district is established as a district in whi ch to accommodate highway-oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding area. The major objectives of this district are to (1) encourage planned commercial and office parks; (2) discourage small…

Zone name General Business District
General category COMMERCIAL
Zone area 1,260.70 ac
Source Amended UDO thru October 2022
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