Property summary
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
VerifiedCap rate & NOI
Current use
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Department Store
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Department Store Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Selma market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
COM · Selma, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for COM in Selma, NC.
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