Log In/Sign Up
Your email has been sent.
Chowan Village - Murfreesboro, NC 831-841 W Main St 25,794 SF 40% Leased Retail Building Murfreesboro, NC 27855 $725,000 ($28.11/SF)
Investment Highlights
- Below Replacement Cost: Offered at ~$28 PSF, 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 ~$28 PSF, 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
$725,000
Price Per SF
$28.11
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
Presented by
Chowan Village - Murfreesboro, NC | 831-841 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.