206 Commerce Avenue

Southern Pines, NC 28387 / Yadkin Park

MLS ID# 100449551 Active
Improved

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$2,500,000

0.52 acres

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• Description
• Location Information
• Building Info
• Building/Ext Features
• Legal and Taxes
• Details

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 high 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, and Imagine Moore Events, creating a vibrant shopping environment. Current NOI $51,997 & Cap Rate 2.08% 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 locatio... show more

Location Information

• Street # 206
• Street Name Commerce
• Street Suffix Avenue
• County Moore
• City Southern Pines
• StateProvince NC
• Zip Code 28387
• City Limits Yes
• Marketing City Southern Pines
• Subdivision Yadkin Park

New Construction

No

Building/Ext Features

• Lot Acres 0.52
• Lot SqFt 22651
• Lot Dimensions 150x150x150x150
• SqFt - Heated (Primary) 7500
• Location Type Mainland

Legal and Taxes

• Tax Assessed Value 978320
• Deed Book 4669
• Deed Page 522
• Legal YADKIN PARK LOT 29, Parcel ID 00048101, PIN 857114336878
• Broker Owner No
• PID 00048101
• Tax Identifier 00048101
• Plat Book 2
• Plat Page 239
• Special Assessments none
• Tax Year 2023
• Year Built 1986
• Zoning GB
• Cobra Zone No

Details

• Sub-Type

  Retail, Shopping Center, Commercial

• Sale/Lease Includes

  Buildings, Land

• Parking Features

  Off Street, On Site, Paved, Private

• Road Type/Frontage

  Public (City/Cty/St)

• Lot Description

  Corner Lot

• Current Use

  Commercial, Retail

• Heating System Fuel Source

  Electric