212 Ctr St, Mount Olive, NC 28365-1702
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-1 · Mount Olive, NCMount Olive. Always verify with local authorities before improvements.
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.