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Property profile & analytics
OFF-MARKET Estimated value $5,080,000
Grocery and convenience stores

3446 Broad St 3478 Statesville, NC 28625-4523

35,922 SF 6.66 ac lot Built 1994
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-2443763
Property summary
AI-generated overview

Eastgate Commons offers the final available retail space within a thriving shopping center anchored by a Food Lion grocery store. This highly visible location boasts a total of 40,425 square feet of retail space, with this remaining unit encompassing 1,625 square feet. The property's prime location within a busy shopping center ensures high foot traffic and excellent visibility for your business. The multiple-tenancy setup provides a synergistic environment, attracting a diverse customer base. This is an exceptional opportunity for a retailer seeking a well-established location with strong existing tenant synergy and immediate access to a substantial customer pool. The space is ready for immediate occupancy, presenting a turnkey solution for businesses looking to establish or expand their presence. The 1,625 square foot unit offers ample space for a variety of retail concepts. Don't miss this last chance to secure a space in this successful and highly sought-after shopping center. Contact us today to schedule a viewing and explore the possibilities. This is a rare opportunity to become part of a thriving retail community.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,922 SF
Lot 6.66 ac (290,327 SF)
Zoning code B-4
APN 4765-33-2540.000
UPID US53-2443763
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
  • Koong Thai Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.23M
CAP Approach CAP
$6.79M
Comparable Approach Comparable
$3.89M
Blend (final) Blend
$5.08M
Owner & transaction history
Eastgate Associates LLC · 3 yrs held
Eastgate Associates LLC
since 2023
Last sale
$5.0M
3 recorded transactions
2023
$5.0M
2021
$4.0M
2020
$4.1M
Zoning & alternative use
B-4 · Statesville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $7.0M +29.6%
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