36 Edgerton St, Smithfield, NC 27577-4733
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
IND · Smithfield, NCSmithfield. 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.