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Investment Highlights

  • High visibility corner location on US Highway 258 (S Main St)
  • Ample paved parking and room for future improvements

Executive Summary

This 1.4 acre corner commercial property offers immediate cash flow with 100% occupancy and a strong 9.5% cap rate, making it an attractive addition to any investment portfolio. This property consists of two separate buildings totaling approximately 3,650 square feet and is occupied by two established tenants: Big Bones Meat Market, operating from the recently renovated main retail building & an automotive dealership/detail business occupying the second building. Stable income producing asset with value-add potential. This well maintained property provides dependable cash flow with minimal landlord responsibilities under its net lease structure. Its prominent corner location and diverse tenant mix create long-term investment stability while offering future upside. Whether you're completing a 1031 exchange or looking to expand your commercial real estate portfolio, this property delivers an attractive combination of income, location, and long-term potential.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
3,650 SF
Building Class
C
Year Built
2015
Price
$379,000
Price Per SF
$103.84
Cap Rate
9.50%
NOI
$36,005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
23 Spaces (6.3 Spaces per 1,000 SF Leased)
Frontage
257’ on South Main Street
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
4737-69-3468-00
Land Assessment
$32,200
Improvements Assessment
$305,624
Total Assessment
$337,824
  • Listing ID: 41202454

  • Date on Market: 7/8/2026

  • Last Updated:

  • Address: 511 South Main St, Princeville, NC 27886

Contact the Sale Advisor

511 South Main St

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