Property summary
This exceptional retail property, located at 1202 E Andrews Avenue in Henderson, NC, presents a compelling investment opportunity. Boasting nearly an acre of land, this prominent corner lot offers unparalleled visibility and accessibility, situated less than half a mile from US Highway 1. The building encompasses 2,764 square feet and has served as a restaurant in the past, but its versatile layout and ample space make it suitable for a wide range of retail or service businesses. The property's strategic location ensures high traffic volume, attracting significant customer flow. Further enhancing its appeal is the substantial parking area, accommodating over sixty vehicles. Convenient access is provided by two driveways on Andrews Avenue and one on Bullock Street, ensuring smooth ingress and egress for both customers and employees. The motivated seller has significantly reduced the price, making this an attractive proposition for discerning investors seeking a prime retail location with exceptional potential. This property is ready for its next chapter and presents a unique opportunity to establish or expand a thriving business in a high-demand area. Don't miss this chance to acquire a well-positioned, spacious retail property in a thriving community.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Grocery & Convenience Store
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Gas Station
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Atm
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Atm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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