Property profile

823 13Th St Erwin, NC 28339

OFF-MARKET
Retail properties & Spaces
Property ID
US53-2457104
4,450 SF 1.33 ac lot Built 1945
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Property summary

AI-generated overview

This exceptional 4,450 square foot commercial property presents a remarkable business opportunity in the heart of Erwin, NC. Situated on a 1.33-acre lot comprised of four parcels, this offering boasts an enviable location with extensive road frontage. The property features approximately 270 feet of frontage along Highway 217/82/S. 13th Street and an additional 203 feet along Iris Bryant Road, ensuring high visibility and accessibility. The existing building, previously a service station with four bays, sits on one of the parcels and offers 4,450 square feet of space. This building presents a unique opportunity for renovation or redevelopment. The remaining three parcels are vacant lots, providing ample space for expansion or additional development. All four parcels are zoned B2, allowing for a wide range of commercial uses. This prime location offers convenient access to Erwin, Dunn, Linden, Campbell University, Lillington, Coats, and surrounding areas, making it ideal for a variety of businesses, including restaurants, convenience stores, strip malls, medical facilities, or office complexes. The substantial parking capacity further enhances the property's appeal. This is a rare chance to acquire a significant commercial property in a thriving area with excellent visibility and potential. The property is priced at $400,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1945
Total area 4,450 SF
Lot 1.33 ac (57,935 SF)
UPID US53-2457104

Cap rate & NOI

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

Location

823 13Th St Erwin, NC 28339
Erwin metro
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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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