704 Prospect Rd Pembroke, NC 28372
For Sale
This 1.95-acre retail site in Pembroke, NC, presents a unique investment opportunity. Located directly across from the main campus of UNC Pembroke, this property benefits from high student population density and significant foot traffic. The site is part of a new mixed-use development incorporating 570 student housing beds, ensuring a consistent customer base. The property is ideally situated approximately 1,500 feet from the recently completed $38 million James A. Thomas Hall, the new home of the Thomas School of Business at UNCP. This prime location offers exceptional visibility and accessibility. The site is available for purchase at $400,000, or alternatively, ground lease or build-to-suit options may be considered. This presents a flexible investment opportunity tailored to meet diverse business needs. The property's proximity to a major university and its strategic placement within a thriving mixed-use development make it an attractive proposition for businesses seeking to capitalize on a robust and growing market. The substantial investment in the new James A. Thomas Hall further underscores the commitment to growth and development in this area, making this retail site a compelling investment opportunity with significant long-term potential. Serious inquiries are encouraged.
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
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.