Property profile

112 S Pollock St Selma, NC 27576

FOR SALE
Commercial real estate
Property ID
US53-1309058
23,690 SF 0.78 ac lot Built 1950
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Department Store
  • Department Store Grocery & Convenience Store

Location

112 S Pollock St Selma, NC 27576
Selma metro Census 40303 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
$727k
Blend (final) Blend
$485k

Owner & transaction history

since 2023
Last sale
$460,000
1 recorded transaction
2023
$460,000

Zoning & alternative use

COM · Selma, NC

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message