Property summary
This exceptional 62,000 square foot retail property, located at 36 E Edgerton St in Smithfield, North Carolina (zip code 27577), presents a compelling investment opportunity. Situated on a substantial 7.7-acre lot (APN 15006015), this multi-tenant building offers significant flexibility for a single-tenant operator, potentially ideal as a lay-down yard. The property benefits from existing water and sewer connections. Recent improvements include a new roof, upgraded electrical panels for each unit, energy-efficient LED lighting throughout, a resurfaced asphalt parking lot, enhanced site drainage, completely renovated bathrooms with new fixtures, new overhead doors, a newly constructed common corridor for the loading dock, new metal siding, and a rebuilt exterior canopy. The asking price is $6,000,000. This property's size, location, and recent renovations make it an attractive prospect for a variety of uses. The flexible lease terms allow for a potentially quick transition for a new owner. This is a rare opportunity to acquire a substantial retail property with significant acreage in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Auto Repair Shop
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Auto Repair Shop
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Hardware & Home Improvement Production Facility
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Home Decor Store Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
IND · Smithfield, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for IND in Smithfield, NC.
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Find the owner behind the property.
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