Price Improvement! Leased Retail Condo For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30558837
Property Subtypes: Convenience Store, Restaurant, Retail-Pad
Status: Pending
Building Size (RSF): 2,700 SF
Gross Land Area: 0.06 SF
Sale Price: $240,000
Unit Price: $88.89 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 2,700 SF
Sale Terms: Cash to Seller
Auction License Number: n/a
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

This leased income producing condo currently has a five year NNN lease in place with a clothing retail user as the tenant. Nestled in Arlington Village, this space enjoys good visibility from Red Banks Rd and is situated in a well established retail and restaurant district. Tenant has recently completed capital improvements on the space including fresh paint and new fixtures. With a diverse range of boutique retail and service businesses occupying the spaces in this shopping center, customers have plenty of options to choose from when they visit the area.

Contact agent for financials.

Additional Details

Nearest MSA: Greenville
County: Pitt
Taxing Authority: Pitt County
Tax ID/APN: Tax ID: 38261 APN: 468719501886000
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Red Banks Rd & Arlington Blvd
Property Visibility: Good
Largest Nearby Street: Arlington Blvd
Traffic/Vehicle Count: 30,500
Highway Access: Hwy 43
Airports: PGV
Area Description: This area has served as the shopping hub for Greenville for over 30 years. Conveniently located in the center of the City, Arlington Village is home to a wide variety of small businesses that have enjoyed success over the years. This shopping and restaurant district is accessible by 3 major roads.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,700 SF
Property Condition: Good
Year Built: 1986
Roof Type: Flat
Construction/Siding: Concrete
Total Parking Spaces: 3
Parking Type: Structure
Parking Description: Parking directly in front of the building is limited to 3 spaces, but there is a large community parking lot about 100 feet away, that can handle over 100 vehicles. With speed bumps and multiple ingress and egress points, this parking lot is very safe and easy to navigate.
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The open floor plan is ideal for a retail operation, with plenty of floor space for racks and displays. The interior is in good condition and will not require any major renovations before the new tenant opens for business.
Zoning Description: General Commercial - CG
Lot Frontage: 30'
Lot Depth: 90'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PATRICKS PLAZA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,215 72,381 103,628
Median Age: 29.58 30.38 31.42
Households: 5,642 30,889 42,857


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