Property profile

119 3rd St Smithfield, NC 27577

OFF-MARKET
Commercial real estate
Property ID
US53-0691024
6,252 SF 0.16 ac lot Built 1900
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,200 square foot retail property is ideally situated in Smithfield's vibrant Social District, directly across from the Johnston County Courthouse. Recently renovated, the building boasts a new roof, updated electrical and plumbing systems, stunning new windows, and a state-of-the-art HVAC system (installed 2021). The charming, weathered brick exterior complements the contemporary interior, featuring two ADA-compliant bathrooms. The expansive retail space offers incredible versatility, potentially suitable for a restaurant or other high-traffic business. A dedicated office space provides convenient management capabilities. An outdoor patio area provides additional space for customer use. The property benefits from its location within walking distance of the Ava Gardner Museum and 5th Street Community Garden, and is conveniently close to Whitley Grocery & Supply Inc. and Johnston Medical School. This prime location, just 30 minutes from Raleigh, offers unparalleled access to a thriving community and a large customer base. The property presents a unique opportunity for entrepreneurs seeking a beautifully renovated space in a desirable downtown setting. This is more than just a building

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 6,252 SF
Lot 0.16 ac (6,762 SF)
Zoning code COM
APN 15019045
UPID US53-0691024

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
  • Clothing & Fashion Store

Location

119 3rd St Smithfield, NC 27577-3939
Smithfield metro Census 40700 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2021
$200,000
2018
$50,000
2018
$48,940

Zoning & alternative use

COM · Smithfield, 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
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