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    Property profile & analytics
    FOR SALE
    Commercial real estate

    112 S Pollock St, Selma, NC 27576

    23,690 SF 0.78 ac lot Built 1950
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1309058
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1950
    Total area 23,690 SF
    Lot 0.78 ac (33,977 SF)
    Zoning code COM
    APN 14027033
    UPID US53-1309058
    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
    • Itzell's Antiques Department Store
    • Raleigh General Store Department Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $635k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $727k
    Blend (final) Blend
    $555k
    Owner & transaction history
    112 Exchange LLC · 3 yrs held
    112 Exchange LLC
    since 2023
    Last sale
    $460,000
    1 recorded transaction
    2023
    $460,000
    Zoning & alternative use
    COM · Selma, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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