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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Grocery and convenience stores

    2350 Lillington Hwy, Spring Lake, NC 28390-1844

    5,000 SF 2 ac lot Built 1981
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US53-1817750
    Property summary
    AI-generated overview

    This exceptional 5,500 square foot commercial property in Spring Lake, North Carolina, presents a unique leasing opportunity. Located at 2350 Lillington Hwy, zip code 28390, this single-story building offers 2,190 square feet of immediately available space, perfect for a variety of uses. The property is categorized as Retail, Office, and Special Purpose, with suitable subtypes including coworking, medical office, creative office, and traditional office spaces. The building underwent a complete renovation in 2023, ensuring modern and updated facilities. Electricity is supplied by SREMC. The space previously served as a game room and private club, offering a flexible layout adaptable to diverse business needs. The asking lease rate is $9.00 per square foot. The property is situated in Cumberland County and features multiple tenancies, making it ideal for businesses requiring flexible space arrangements. This prime location in Spring Lake offers excellent visibility and accessibility. The building's total square footage is 5,500 square feet, with the vacant space ready for immediate occupancy. This is an exceptional opportunity to secure a well-maintained, versatile commercial space in a thriving North Carolina community.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1981
    Total area 5,000 SF
    Lot 2 ac (87,120 SF)
    Zoning code C1P
    APN 0513-50-0271
    UPID US53-1817750
    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
    Current use
    Occupant on record · Public records
    • ATM Atm
    • FUBAR Productions, LLC. Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $770k
    Comparable Approach Comparable
    $643k
    Blend (final) Blend
    $625k
    Owner & transaction history
    LEWIS STUART W
    LEWIS STUART W
    Zoning & alternative use
    C1P · Spring Lake, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $990,000 +50.2%
    Medical building $850,000 +28.6%
    Office building $785,000 +18.7%
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