205 Main St Swansboro, NC 28584

Property Details for 205 Main St

Year built

1950

Lot size

0.14 lot acres

Property size

3,092 SF

Zone code

B-2HDO

Property type

Commercial real estate

APN

40499

APU

40499

Description

This exceptional mixed-use property, located at 205 W. Main Street in Havelock, North Carolina, presents a compelling value-add investment opportunity. The 22,030-square-foot building sits on a 1.28-acre lot zoned HC (Highway Commercial), offering significant potential for increased revenue. Currently, the property boasts a 44% occupancy rate, anchored by Rent-A-Center. A substantial 12,328 square feet of vacant space is available for lease, including a large 7,000-square-foot unit adjacent to a 2,000-square-foot space with a month-to-month lease, and a 3,866-square-foot vacant shop space featuring roll-up/drive-in doors. Several existing tenants are also on month-to-month leases, providing an excellent opportunity to reposition the property and raise rental rates. The property benefits from its strategic location near Marine Corps Air Station Cherry Point. The roof was recently replaced in 2020. Offered at $975,000, this represents approximately $44 per square foot—significantly below replacement cost. The property's APN is 6-060-047. This is a rare chance to acquire a well-situated mixed-use asset with considerable upside potential in a growing market.