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5264 US Highway 74 W 15,959 SF Vacant Retail Building Whittier, NC 28789 $1,378,719 CAD ($86.39 CAD/SF) 5.69% Cap Rate
Investment Highlights
- Large 18+/- Acre Tract with Commercial and Residential Possibilities
- 2 Billboards
- 600 Feet of Prime US Highway 74 Frontage
Executive Summary
18 +/- acres with 600' road frontage along US Highway 74 W in Whittier. Historically used as a flea market with 32 storage units. The property has a well and septic system. Public utilities are not available in the immediate area. Continued use as a flea market will require building improvements to upgrade the spaces. Professional property management has just been brought in to oversee improvements and increase revenues. This can be terminated at closing if preferred. The 6,520 sq ft building has two heated and recently renovated restrooms. Dealer booths are not temperature controlled. There are 32 Self-Storage units. Upper acreage has flat areas for a build sites and big views. A subdivision is adjacent.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
15,959 SF
Building Class
B
Year Built
1991
Price
$1,378,719 CAD
Price Per SF
$86.39 CAD
Cap Rate
5.69%
NOI
$78,488 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
18.04 AC
Zoning
None - Jackson County unrestricted. Development related ordinances will apply.
Parking
35 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
600’ on US Hwy 74 W
Amenities
- Freeway Visibility
- Signage
- Storage Space
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,263,848 CAD (2025) | |
| Land Assessment | $662,641 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $601,207 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$662,641 CAD (2025)
Improvements Assessment
$601,207 CAD (2025)
Total Assessment
$1,263,848 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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5264 US Highway 74 W
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