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205 W Main St
Havelock, NC 28532
Retail Property For Sale
Investment Highlights
- Monument signage offers prominent branding opportunity along Highway 70.
- Roof replacement completed in 2020, minimizing capital improvement needs.
- Over 12,000 square feet available for lease, presenting strong upside potential.
- Approximately 1.28-acre parcel with highway commercial zoning for multiple potential uses.
- Within immediate proximity to Marine Corps Air Station Cherry Point.
Executive Summary
This retail and office/flex property presents a compelling value-add opportunity in a highly visible location along Highway 70 in Havelock, NC. Situated on approximately 1.28 acres and offering roughly 22,030 square feet of leasable area, this asset provides multiple income streams with current tenants in place, including Rent-A-Center, Scizzor Talk, My Brother’s Keeper, and B3 Archery. Approximately 12,328 square feet remain available, allowing new ownership to drive additional revenue through lease-up strategies.
The property boasts strong fundamentals, including monument signage, municipal water and sewer connections, and portions of the building equipped with fire suppression systems. The roof was replaced in 2020, reducing near-term capital expenditures. Its location within eyesight of Marine Corps Air Station Cherry Point ensures a steady economic presence and visitor traffic flow. This combination of long-term tenancy and vacancy upside makes the property an attractive investment at an offering price of $875,000, approximately $39.72 per square foot.
The property boasts strong fundamentals, including monument signage, municipal water and sewer connections, and portions of the building equipped with fire suppression systems. The roof was replaced in 2020, reducing near-term capital expenditures. Its location within eyesight of Marine Corps Air Station Cherry Point ensures a steady economic presence and visitor traffic flow. This combination of long-term tenancy and vacancy upside makes the property an attractive investment at an offering price of $875,000, approximately $39.72 per square foot.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
22,030 SF
Building Class
C
Year Built
1953
Price
$875,000
Price Per SF
$39.72
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
1.28 AC
Zoning
Highway Commercial (HC) - Highway Commercial
Property Taxes
| Parcel Number | 6-060-047 | Improvements Assessment | $875,600 |
| Land Assessment | $377,050 | Total Assessment | $1,252,650 |
Property Taxes
Parcel Number
6-060-047
Land Assessment
$377,050
Improvements Assessment
$875,600
Total Assessment
$1,252,650
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