$2,500,000
( $333.33Per Sq Foot )
$13,041 est/mo Sourced by Back At You206 Commerce Avenue,Southern Pines, NC 28387
Southern Pines, NC 28387
Description
Value Add opportunity at Yadkin Park, a fully leased, L-shaped, single-story shopping center strategically positioned at the intersection of Commerce Avenue and Turner Street, just seconds from the bustling Highway 15/501 and 211. This prime location ensures visibility and is bolstered by proximity to well-established businesses such as Walmart, Staples, Goodwill, and Lowe's. The center features a diverse tenant mix, including Qwik Pack & Ship, Bella Vie Hair Studio, Anthony's Barber Shop, Westhetics LLC, and Southern Pawz Spa and Boutique, creating a vibrant shopping environment. NOI $51,997 & Cap Rate 2.08% based on 2024 figures.
Details
| MLS # | 100449551 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 399 |
| Listing Provided By | Carolina Summit Group, LLC | Holly Spofford Bell |
Features
| N/A | 7,500 |
|---|---|
| Zoning | GB |
| Acreage | 0.52 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Electric |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Private, Off Street, On Site, Paved |
Market Activity 28387
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Learn More About This Property
| State | NC |
|---|---|
| County | Moore |
| City | Southern Pines |
| Zip Code | 28387 |
| Area | Moore |
| Community Name | Yadkin Park |
| Listing VS Median (in Yadkin Park) | |
Price: $2,500,000 low | high Med: $2,400 SqFt: 7,500 low | high Med: 1,565 $ / SqFt: $333 low | high Med: $2 On site: 399 low | high Med: 61.000000 | |
Listing Updated: May 14, 2025 at 11:11:59 AM PDT