Located off the busiest road (highway 401) in Louisburg NC, this property’s building has been 100% occupied (5 units) since early 2016. All the leases are current, renewed, or anticipated to renew soon. Tenants include a barbershop, church, salon, and a couple of others. The building (5800 sq ft) was built in 1953 and completely renovated in late 2015. Not only does this property come with a building, but it also comes with 2.79 acres of vacant land. The property is located in a commercial neighborhood that includes Mcdonalds, Taco Bell, KFC, Subway, Food Lion and more. This property is also only 30 mins from Raleigh, 45 mins from Rocky Mount, and 45 mins from Henderson. Don’t miss an opportunity to invest in a piece of real estate within a town that has a college, many historical houses, and recently added Zaxbys, LiL Ceaser’s, Gamestop, Sheetz, plus more over the past 7 years. Zoning = The Highway Business District (B2) is generally located on the major thoroughfare in town and provides space for offices, services and retail goods. The regulations for this district are intended to require ample parking and for controlled traffic movement.

Summary

  • Price $1,175,000
  • Property Type Retail
  • Property Sub-type Storefront Retail/Office
  • Building Class C
  • Sale Type Investment
  • Lot Size 2.92 AC
  • Gross Leasable Area 5,966 SF
  • Parking Ratio 3.43/1,000 SF
  • Zoning Description B2
  • APN / Parcel ID 019011

HIGHLIGHTS

  • On busiest city road (Bickett Blvd)
  • Comes with vacant property
  • No vacant units
  • Opportunity to infill
  • Within a commercial neighborhood
  • Between Raleigh and Henderson

AMENITIES

  • Air Conditioning
  • Signage
  • Freeway Visibility
  • Tenant Controlled HVAC

Location Map


Files & Documents