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112 S Pollock St 23,685 SF 100% Leased Flex Building Selma, NC 27576 $1,395,000 ($58.90/SF) 8% Cap Rate
Investment Highlights
- • Downtown Selma location with convenient access to US Highway 301, I-95, I-40, and US Highway 70.
- • Positioned along South Pollock Street near established downtown businesses and community destinations.
- • High-visibility location offers strong exposure to local traffic and regional visitors traveling through Selma.
- • General Business zoning supports a variety of retail, service, showroom, and commercial uses.
- • Flexible building layout accommodates retail, storage, distribution, showroom, or mixed-use operations.
- • Accessible Johnston County location within reach of the Raleigh market and Eastern North Carolina trade areas.
Executive Summary
Sale Leaseback Description: Seller is willing to do sale lease back for a term of 3 years at an 8% cap rate.. We are pleased to offer a 24,000 sq. ft. multi-use building located in downtown Selma. The property is just one mile from I-95 and approximately 2 miles from Carolina Premium Outlets and the Eastfield Crossing development area, placing it in a strong growth corridor. With all-block construction and exposure to more than 20,000 cars per day, this site offers excellent visibility and access.
The entire property is available for purchase for $1,395,000, or it may be leased at $8 per square foot.
The entire property is available for purchase for $1,395,000, or it may be leased at $8 per square foot.
Property Facts
| Price | $1,395,000 | Lot Size | 0.78 AC |
| Price Per SF | $58.90 | Rentable Building Area | 23,685 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 1950 |
| Sale Condition | Sale Leaseback | Parking Ratio | 1.06/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 14’ |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 4 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Zoning | COM-GB - Commercial-General Business- Climate Controlled Warehouse- Flex-Retail | ||
| Price | $1,395,000 |
| Price Per SF | $58.90 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | Sale Leaseback |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 0.78 AC |
| Rentable Building Area | 23,685 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.06/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | COM-GB - Commercial-General Business- Climate Controlled Warehouse- Flex-Retail |
Amenities
- 24 Hour Access
- Security System
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14027033 | Improvements Assessment | $438,110 |
| Land Assessment | $217,450 | Total Assessment | $655,560 |
Property Taxes
Parcel Number
14027033
Land Assessment
$217,450
Improvements Assessment
$438,110
Total Assessment
$655,560
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112 S Pollock St
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