Log In/Sign Up
Your email has been sent.
511 South Main St 3,650 SF 100% Leased Retail Building Princeville, NC 27886 $538,260 CAD ($147.47 CAD/SF) 9.50% Cap Rate



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
$538,260 CAD
Price Per SF
$147.47 CAD
Cap Rate
9.50%
NOI
$51,135 CAD
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
| Parcel Number | 4737-69-3468-00 | Improvements Assessment | $434,050 CAD |
| Land Assessment | $45,731 CAD | Total Assessment | $479,781 CAD |
Property Taxes
Parcel Number
4737-69-3468-00
Land Assessment
$45,731 CAD
Improvements Assessment
$434,050 CAD
Total Assessment
$479,781 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Green Valley Realty
511 South 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.
