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    OFF-MARKET
    Commercial real estate

    212 Ctr St, Mount Olive, NC 28365-1702

    3,657 SF 0.17 ac lot Built 1959
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-4723036
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 7,405 square foot lot located at 212 N Center Street in Mount Olive, North Carolina, 28365. The property, categorized as Special Purpose Land, encompasses a substantial 3,236 square feet. Currently improved with three rental units, this property offers immediate income potential for investors. The asking price is $197,900. The property is being sold "AS IS," reflecting a family sale. This presents a unique chance to acquire a well-situated commercial property in a thriving North Carolina community. The existing rental units are currently occupied, providing a steady stream of rental income. The property's location in Mount Olive, Wayne County, offers convenient access to local amenities and transportation routes. Prospective buyers are encouraged to schedule a viewing to fully assess the potential of this promising investment. The property is zoned for commercial use, providing flexibility for future development or expansion. This is a rare opportunity to acquire a turnkey commercial property with existing income, making it an attractive investment for both seasoned and new investors. The property's size and location make it ideal for a variety of commercial uses.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1959
    Construction WOOD
    Total area 3,657 SF
    Lot 0.17 ac (7,200 SF)
    Zoning code C-1
    APN 2572972979
    UPID US53-4723036
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Norman Watson · 1 yrs held
    Norman Watson
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    C-1 · Mount Olive, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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