Property profile

2350 Lillington Hwy Spring Lake, NC 28390

OFF-MARKET
Grocery and convenience stores
Property ID
US53-1817750
5,000 SF 2 ac lot Built 1981
Individually Owned Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Atm
  • Bar & Pub

Location

2350 Lillington Hwy Spring Lake, NC 28390-1844
Spring Lake metro Census 3602 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
$643k
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

C1P · Spring Lake, NC
Top alternative use upside
Restaurant $990,000 +50.2%
Medical building $850,000 +28.6%
Office building $785,000 +18.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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