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Grocery / Retail Opportunity – Heart of Easte 501 NC-118 11,361 SF Retail Building Grifton, NC 28530 $1,800,000 ($158.44/SF)
Investment Highlights
- Building Size: ±11,361 SF
- Market Strength: Established local customer base and steady foot traffic
- Parking for ~30 vehicles, approximately 3.54 spaces per 1,000 SF
Executive Summary
Rare opportunity to acquire both real estate and business at 501 NC-118 in Grifton, NC. Currently operating as Food Pride of Grifton, this established neighborhood grocery store serves as a community anchor with excellent visibility along NC-118. The property features a flexible layout ideal for grocery, retail, or service-oriented operations, and the included business provides immediate income for investors or owner-operators. Located in Pitt County, within reach of Greenville and Kinston, this site benefits from steady local traffic and a loyal customer base. With the business included in the sale, this property is a true turn-key investment offering strong cash flow potential and long-term value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,361 SF
Building Class
C
Year Built
1975
Price
$1,800,000
Price Per SF
$158.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.15 AC
Zoning
CBD - Zoning designation specifically designed for the downtown area to encourage a mix of commercial and retail, and service oriented businesses.
Frontage
183’ on Queen Street
Amenities
- Corner Lot
- Signage
- Wheelchair Accessible
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 004953 | Improvements Assessment | $489,090 |
| Land Assessment | $61,158 | Total Assessment | $550,248 |
Property Taxes
Parcel Number
004953
Land Assessment
$61,158
Improvements Assessment
$489,090
Total Assessment
$550,248
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Grocery / Retail Opportunity – Heart of Easte | 501 NC-118
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