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Property profile & analytics
FOR LEASE
Community centers

508 10Th St NW Conover, NC 28613

166,729 SF 15.08 ac lot Built 1987
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US53-2506476
Property summary
AI-generated overview

This exceptional retail opportunity is located within the Canova Shopping Center in Conover, North Carolina, at 508 10th St NW, 28613. The center enjoys a highly visible location off Interstate 40, benefiting from significant daily traffic counts of 19,043 vehicles at the main entrance on 1st Street West. This vibrant shopping center boasts a new anchor tenant, Rural King (currently open), attracting a substantial customer base. The property's strategic position offers excellent access to a large population, with over 54,000 residents and 34,000 employees residing within a 5-mile radius. Multiple tenancy options are available, including inline spaces ranging from 1,050 to 20,721 square feet, and larger anchor spaces of up to 30,866 square feet. Businesses can also benefit from prominent placement on the shopping center's pylon sign at the signalized main entrance. This is a unique chance to establish a presence in a thriving retail environment with strong demographics and high visibility. The property is offered in conjunction with Interstate Development Company. Contact us today to learn more about this exciting opportunity and secure your ideal space.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1987
Construction CONCRETE BLOCKS
Total area 166,729 SF
Lot 15.08 ac (656,885 SF)
Zoning code B-2-CD
APN 3732-16-83-7294
UPID US53-2506476
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
  • Rivera Jr Rafael DDS Dental Office
  • No 1 Kitchen Restaurant
  • C V Cleaners (Bike/Boat/Book/etc) Store
  • Canova Shopping Center Shopping Center & Mall
  • CashPoints® ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.69M
Owner & transaction history
Conover Town Center Lllp · 9 yrs held
Conover Town Center Lllp
since 2016
3 recorded transactions
2021
Price N/A
2016
Price N/A
2013
$3.8M
Zoning & alternative use
B-2-CD · Conover, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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