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Chowan Village - Murfreesboro, NC 831-841 W Main St 25,794 SF 40% Leased Retail Building Murfreesboro, NC 27855 $799,000 ($30.98/SF)
INVESTMENT HIGHLIGHTS
- Below Replacement Cost: Offered at just about $31 per square foot, significantly below replacement cost for comparable strip centers.
- Upside Through Lease-Up: With 40% of the center currently vacant, there is substantial room to drive NOI growth.
- Proximity to National Retailers: Situated near prominent national retailers such as Food Lion, Advance Auto Parts, Dollar General, and more.
- Strategic Location Near University: Immediate access to Chowan University’s student and staff population enhances tenant appeal.
- Low Price Point Strip Center: Rare opportunity to acquire a multi-tenant retail asset in North Carolina for under $1 million.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 25,794 SF Chowan Village located at 831-841 W Main Street in Murfreesboro, NC. This deal is offered at just about $31 per square foot, significantly below replacement cost for comparable strip centers, presenting a compelling entry point for value-focused investors, offering strong potential returns.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
25,794 SF
Building Class
B
Year Built
1983
Price
$799,000
Price Per SF
$30.98
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.76 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
165 Spaces (6.4 Spaces per 1,000 SF Leased)
Frontage
508’ on W Main St
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Associated Serives Corp
- Retailer
- 1,388 SF
- $5.50
- May 2031
- Green Zone Recycling
- Retailer
- -
- -
- Dec 2025
- H&R Block
- Retailer
- 1,410 SF
- $7.54
- May 2027
- Shop 2 Variety
- Retailer
- 6,120 SF
- $2.94
- -
- Subway
- Accommodation and Food Services
- 1,391 SF
- $8.83
- Sep 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Associated Serives Corp | Retailer | 1,388 SF | $5.50 | May 2031 | ||
| Green Zone Recycling | Retailer | - | - | Dec 2025 | ||
| H&R Block | Retailer | 1,410 SF | $7.54 | May 2027 | ||
| Shop 2 Variety | Retailer | 6,120 SF | $2.94 | - | ||
| Subway | Accommodation and Food Services | 1,391 SF | $8.83 | Sep 2029 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 837
- 4,200 SF
- Retail
- In-Line
- Now
- 849
- 8,415 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 831 | 2,870 SF | Retail | End Cap | Now |
| 837 | 4,200 SF | Retail | In-Line | Now |
| 849 | 8,415 SF | Retail | In-Line | Now |
831
| Size |
| 2,870 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
837
| Size |
| 4,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
849
| Size |
| 8,415 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
831
| Size | 2,870 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5958-44-8874 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $611,659 |
PROPERTY TAXES
Parcel Number
5958-44-8874
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$611,659
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Chowan Village - Murfreesboro, NC | 831-841 W Main St
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