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108 S Pine St 4,200 SF 100% Leased Retail Building Princeton, NC 27569 $504,900 ($120.21/SF)
Investment Highlights
- Separate entrance to upstairs for living area
- Several restaurant equipment items convey
- Opportunity to live and work in same building
Executive Summary
Introducing an exceptional opportunity in Princeton, NC. This 4,200 SF property, constructed in 1940 and thoughtfully
renovated in 2020, is perfectly suited for retail or restaurant development. Zoned C2 for commercial use, the premises
offer a versatile canvas for your business vision. With a rich history and modern upgrades, including complete kitchen with
2 stoves, stacked washer and dryer, walk in freezer, several restaurant sinks, baking oven many extras. Has a sperate
entrances for the public allowing for retail or bar use. This property at 109 South Pine Street presents an ideal setting in
the thriving Princeton area.
Upstairs includes a 3-bedroom, full kitchen with refrigerator & dishwasher. Has several installed flatscreen tv's throughout
the upstairs. One bathroom (needing shower added for full bathroom) The upstairs has a completely separate entrance
making it the idea building for work and residents. Upstairs is permitted with special use permit from Town of Princeton
renovated in 2020, is perfectly suited for retail or restaurant development. Zoned C2 for commercial use, the premises
offer a versatile canvas for your business vision. With a rich history and modern upgrades, including complete kitchen with
2 stoves, stacked washer and dryer, walk in freezer, several restaurant sinks, baking oven many extras. Has a sperate
entrances for the public allowing for retail or bar use. This property at 109 South Pine Street presents an ideal setting in
the thriving Princeton area.
Upstairs includes a 3-bedroom, full kitchen with refrigerator & dishwasher. Has several installed flatscreen tv's throughout
the upstairs. One bathroom (needing shower added for full bathroom) The upstairs has a completely separate entrance
making it the idea building for work and residents. Upstairs is permitted with special use permit from Town of Princeton
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
1940/2020
Price
$504,900
Price Per SF
$120.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.09 AC
Zoning
C-2 - C-2 zoning
Upstairs is a permitted use for apartment with special use permit. (need to add a shower)
Frontage
23’ on Pine St
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 04004003 | Improvements Assessment | $420,940 |
| Land Assessment | $8,360 | Total Assessment | $429,300 |
Property Taxes
Parcel Number
04004003
Land Assessment
$8,360
Improvements Assessment
$420,940
Total Assessment
$429,300
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108 S Pine St
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