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Property profile

607 1St St Lillington, NC 27546

OFF-MARKET
Commercial real estate
Property ID
US53-3562870
View Sample
2,059 SF 0.45 ac lot Built 1968

Property summary

AI-generated overview

This exceptional commercial property, located at 607 S 1st Street in Lillington, NC, presents a unique investment opportunity. Boasting 2,059 square feet on a 0.45-acre lot, this property offers significant visibility with approximately 279 feet of road frontage along S. 1st and E. Harnett Streets. The ample parking provides convenient access for customers and employees. Its strategic location in Lillington places it within easy reach of Erwin, Dunn, Linden, Campbell University, Coats, and other surrounding communities, ensuring a broad customer base. The property's versatility makes it suitable for a wide range of businesses, particularly those in the medical or office sectors. Currently leased until November 13th, 2027, at a monthly rent of $4,118.00, this property offers a strong potential for future income. The existing lease provides immediate cash flow, while the prime location and substantial road frontage promise long-term growth and profitability. This is an exceptional opportunity to acquire a well-situated commercial property in a thriving area. The property is priced at $449,900.

Property profile

Verified
Property type Commercial real estate
Year built 1968
Total area 2,059 SF
Lot 0.45 ac (19,602 SF)
UPID US53-3562870

Cap rate & NOI

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

Value estimations

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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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