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Browse More Listings in Shopping Center For Sale, Statesville, NC or North Carolina

Shopping Center For Sale

Signal Hill Station Shopping Center

324 Signal Hill Drive, Statesville, NC 28625

Price:
$697,000
Gross Leasable Area:
44,220 SF
Price/SF:
$15.76
Property Type:
Shopping Center
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
11%
Occupancy:
50%
Tenancy:
Multiple
Lot Size:
6.70 AC
Find Out More...

Last Verified 11/10/2009 Listing ID 16171395

Description

-The subject property is currently available for sale and is located across from the Statesville regional mall.
-If the Vacant space gets re-tenanted at $3 PSF, value of the property increases by over 300K
-This is an excellent value-add opportunity. All of the remaining space is leased out and some of the current tenants have been in place for years.
A detailed summary sheet on tenants and actual income/expenses can be provided upon request.

Signal Hill Station is located across from the Statesville regional mall (JCPenney, Belk, Sears) Statesville, NC. The property is currently available for sale with some long term tenants. Food Lion has vacated the center and the space is available for owner occupied tenant.

Financial Summary

Actual
Net Operating Income
$119,000

Map of 324 Signal Hill Drive, Statesville, NC 28625 (Iredell County)

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Presented by

Commercial Carolina/Cushman & Wakefield Alliance Member

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Contact Listing Broker

AJ Mojaddidi (919) 357-0500

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Created 3/30/2009

Additional Information for 324 Signal Hill Drive, Statesville, NC 28625

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 5 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 324 Signal Hill Drive, Statesville, NC 28625

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Signal Hills Village
$0/SF/Year
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Broad Street Station
Negotiable
2,000 - 3,000 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Neighborhood Center
Sold 2Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Signal Hill Station Shopping Center

324 Signal Hill Drive, Statesville, NC, 28625