Property profile

5385 Riv Rd Washington, NC 27889

OFF-MARKET
Grocery and convenience stores
Property ID
US53-4535453
2,740 SF 0.67 ac lot Built 1979
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 5385 River Road in Washington, North Carolina, presents a unique investment opportunity. Boasting a substantial 2,740 square feet of space, this versatile property sits on a sizable 0.67-acre lot, offering ample room for expansion or outdoor utilization. The property's "Other" classification allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. Its prime location on River Road provides excellent visibility and accessibility, ensuring high traffic and potential customer reach. The asking price of $799,000 represents a compelling value for a property of this size and location in Washington, NC. This property is ready for immediate occupancy and presents a blank canvas for a discerning buyer to create a thriving business venture. The substantial lot size offers significant potential for future development or expansion, catering to a variety of business needs. Given its size, location, and versatility, this property is an exceptional opportunity for investors and entrepreneurs alike seeking a strong foothold in the Washington, NC market. Serious inquiries are encouraged to explore the full potential of this remarkable commercial offering. The property is currently available for immediate purchase.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 1979
Total area 2,740 SF
Lot 0.67 ac (29,185 SF)
APN 5694-94-2345
UPID US53-4535453

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Gas Station
  • Bank Credit Union

Location

5385 Riv Rd Washington, NC 27889-8610
Washington metro Census 930501 WASHINGTON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

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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