1202 Andrews Ave, Henderson, NC 27536-5116
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.