Property summary
The property is a three-unit commercial building totaling approximately 29,046 square feet on a 1.95-acre lot in the downtown central business district of Pembroke, North Carolina. The retail portion was built in 1972, and the pharmacy/medical unit was built in 1978. The medical/pharmacy unit contains approximately 4,390 square feet, the center retail unit contains approximately 12,765 square feet, and the end office/retail unit contains approximately 11,892 square feet. The building is supported by a slab foundation. Roof improvements include a roof replacement on the medical/pharmacy unit in 2022 and a roof replacement to the remainder of the building using GAF Everguard material. Off-street parking is provided by a large paved parking area that was sealed and striped in 2024. The building has frontage along Third Street (Hwy 711), Pine Street, 4th Street, and Vance Street, and the site is within walking distance of UNC-P. The surrounding area includes well-lighted streets and sidewalks, and the property is within the Pembroke Revitalization project, with planned upgrades affecting storm drainage, water and sewer lines, street lighting, and sidewalks; new traffic signals are planned for the corner of Third and Vance under NCDOT TIP Project HL-0009.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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City Government Office
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Pharmacy
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Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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