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Investment Highlights

  • Dollar General provides existing tenant income.
  • Warehouse area offers potential for additional occupancy.
  • Ample on-site parking supports multiple commercial uses.
  • Two-building commercial property on approximately 1.85 acres.
  • Vacant secondary building allows repositioning opportunities.
  • Potential subdivision provides future ownership flexibility.

Executive Summary

381-395 Crimson Laurel Way presents an opportunity to acquire a multi-building commercial asset in Bakersville, North Carolina. Situated on approximately 1.85 acres, the property combines existing tenant income with multiple avenues for future value creation. The asset includes two separate buildings, ample parking, and flexibility for investor, owner-user, or redevelopment strategies.
The primary building is occupied by Dollar General, providing in-place income through a current lease term that includes a renewal option. Beneath the retail space is a substantial two-bay warehouse component featuring oversized access doors that support a variety of commercial operations, including storage, distribution, contractor services, workshop functions, and light industrial uses. This underutilized area offers the potential to generate additional revenue through occupancy or operational activation.
A second standalone building, originally developed for restaurant use and currently configured as office space, is vacant and available for repositioning. The structure also contains a full unfinished basement that may support storage or future improvements. The combination of existing cash flow, vacant commercial space, and warehouse functionality creates multiple paths for increasing utilization and enhancing asset performance.
Located along Crimson Laurel Way in Bakersville, the property serves a local trade area while benefiting from established commercial activity anchored by a nationally recognized retailer. The site's acreage, parking capacity, and stated subdivision potential further expand future ownership options. For investors seeking current income with upside potential, or owner-users seeking adaptable commercial space, the property offers a combination of occupancy, flexibility, and redevelopment opportunity.

Property Facts

Price $800,000
Price / SF $89.89 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 1
Total Building Size 8,900 SF
Total Land Area 3.85 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
381 Crimson Laurel Way, Bakersville, NC 28705 Office 1,475 SF 1995 -
395 Crimson Laurel Way, Bakersville, NC 28705 Retail 7,425 SF 1995 $550,000
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  • Listing ID: 41447230

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 381- 395 Crimson Laurel Way, Bakersville, NC

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