5011 Us-1 HWY new Save Request In-Person Tour Request Virtual Tour
Vass,NC 28394
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 4,332 sqft
Price per Sqft $92
Subdivision Not In Subdivision
MLS Listing ID 100526537
Style Wood Frame
HOA Y/N No
Year Built 1985
Annual Tax Amount $1,411
Lot Size 1.190 Acres
Acres 1.19
Lot Dimensions 1.19 acres
Property Sub-Type Improved
Source Hive MLS
Property Description
Tremendous traffic count (avg daily count up to 34+K), visibility, and easy access from the direct access crossover. 1.2 acres on US 1 Highway, County zoned B2, a 4,332 SF tenant occupied building and a billboard lease. Priced to sell with a 7% cap rate. A church occupies the left side (lease in place) and the right side is an upholstery business (month to month). Also located in a Highway COD. See MLS docs for details on lease. Note that the lessee of the billboard has a right of first refusal on the property. See MLS docs for this lease that ends in 2026. Well on site, public water available. Roof less than 1 year old.
Location
State NC
County Moore
Community Not In Subdivision
Zoning B-2
Direction From Southern Pines, North on US-1. Property will be about 5 miles up on the right.
Interior
Heating Heat Pump,Space Heater,Electric,Forced Air
Cooling Central Air,Wall/Window Unit(s)
Flooring Concrete,Vinyl
Exterior
Parking Features Parking Lot,Gravel,On Site,Unpaved
Utilities Available Water Available,See Remarks,Electricity Connected
Roof Type Shingle
Building
Lot Description See Remarks
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Others
Tax ID 00034054
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash
Virtual Tour https://vimeo.com/1111778089?share=copy#t=0