101 NW Market Place, North Wilkesboro, NC 28659
- $3,500,000
- List Price
- $3,500,000
- Days on Market
- 4
- Status
- ACTIVE
- Type
- Commercial
- MLS#
- 264176
- County
- Wilkes
- City
- North Wilkesboro
- Acres
- 10.10
- Year Built
- 1989
Property Description
Approximately an 8% CASH ON CASH return, plus extra land to build more tenant space. Long established (37 years) 100% occupied, 43,504 sq. ft. shopping center. Tenants are IGA Grocery Store, Spectrum, Walgreen's & Dollar Tree. Value add component of vacant land that would accommodate approximately 20,000 - 30,000 sq. ft. of additional retail buildings and parking. Parking lot milled as needed, repaved, sealed and striped in 2025. Exterior repainted in 2025. Roofs in excellent shape. 1.64 ac. & .64 ac. outparcels, NOT INCLUDED IN THIS OFFERING, available for $199,000 and $75,000 respectively. Prospective buyer's need to be prequalified/vetted. A serious/qualified buyer will need at least approximately $1,000,000 in cash to put into a purchase, or have a track record of similar or larger investments.
Additional Information
- Exterior Amenities
- None
- Garage
- Parking Space(s)
- Heating
- Electric
- Road
- Paved
- Roof
- Built-Up
- Elementary School
- Mulberry
- High School
- North Wilkes
- Sewer
- Public Sewer
- Water Source
- Public
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This Listing is courtesy of Barry Bush with Finley Properties II, llc.
The information from this search is provided by the High 'Country Multiple Listing Service. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase.”