Property profile

500 Us Highway 1 Norlina, NC 27563

OFF-MARKET
Commercial real estate
Property ID
US53-4698394
1,216 SF 0.17 ac lot Built 1950
Individually Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 1,216 square foot commercial property, situated on a 0.17-acre lot at 500 US Highway 1, Unit 500 in Norlina, NC, presents a unique opportunity for a variety of businesses. The sturdy cement block building features a spacious main area, a dedicated office space, and a convenient bathroom. Its previous use suggests potential for a diverse range of ventures, including a grill/restaurant, catering business, car detailing service, hair salon, or nail spa. The possibilities are truly limitless, allowing for a creative entrepreneur to establish their ideal business. The property boasts a paved parking lot for ample customer convenience, and its prime location on the main street of downtown Norlina ensures high visibility and accessibility. This is an excellent opportunity to acquire a well-constructed building in a thriving downtown area, ready for immediate occupancy and customization to suit your specific business needs. The asking price of $65,000 makes this a highly attractive investment for those seeking a versatile and strategically located commercial space. Don't miss out on this chance to bring your business vision to life in a vibrant and accessible location.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 1,216 SF
Lot 0.17 ac (7,405 SF)
UPID US53-4698394

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 Us Highway 1 Norlina, NC 27563
Norlina metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
1 recorded transaction
2022
$30,000

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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