119 S 3rd St
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119 S 3rd St
7,200 SF Retail Building Smithfield, NC 27577 £861,630 (£120/SF)
Investment Highlights
- Downtown Location: Prime spot across from the Johnston County Courthouse in bustling downtown Smithfield.
- Historic Charm: Character-filled with weathered brick, large windows, and modern ADA-compliant bathrooms.
- Outdoor Patio: Potential for an inviting patio area blending interior style with street energy.
- Spacious & Updated: 7,200 sq. ft. of renovated space with new roof, HVAC (2021), electrical, and plumbing.
- Versatile Space: Ideal for retail, a restaurant, or office space with a private office area.
- Nearby Amenities: Close to the Ava Gardner Museum, local shops, and only 30 minutes from Raleigh.
Executive Summary
Nestled in the quaint heart of downtown Smithfield, this impeccable commercial offering graces the bustling streets across from the stately Johnston County Courthouse. With 7200 square feet of exquisitely renovated space, this property presents a tempting tableau for businesses that aspire to flourish.
Historically, serving as The Twisted Willow, it boasts a fully updated framework featuring a new roof, new electricity updated plumbing, resplendent windows, and a state-of-the-art HVAC system installed in 2021. Weary of cookie-cutter premises? Delight in the charm of weathered bricks matched with contemporary, top-tier amenities including two updated American Disabilities Act-compliant bathrooms.
Imagination meets opportunity in its expansive retail area and versatile space possibly transforming into a chic urban restaurant. Entrepreneurs will revel in an exclusive office space that allows one to manage operations amidst the pulse of city life.
Additionally, its prospective outdoor patio offers an inviting al fresco experience, allowing a harmonious blend between interior refinement and the vibrant street scenes characteristic of Smithfield. Its bustling sidewalks swathed in the gentle southern charm invite an influx of potential patrons. Just a leisurely stroll away, the Ava Gardner Museum and 5th Street Community Garden add to the locale's cultural fabric.
Should the need arise, modern conveniences are amply provided with the proximity to Whitley Grocery & Supply Inc., and health emergencies are swiftly tended to thanks to Johnston Medical School's close presence.
This property is not just a building; it’s a beacon for potential and prosperity, an ideal canvass for entrepreneurs and visionaries poised to sculpt their next business masterpiece or culinary haven, all within a mere 30 minutes from Raleigh. Keep this opportunity in your sights – a place where business aspirations align with premier localization and craftsmanship.
Historically, serving as The Twisted Willow, it boasts a fully updated framework featuring a new roof, new electricity updated plumbing, resplendent windows, and a state-of-the-art HVAC system installed in 2021. Weary of cookie-cutter premises? Delight in the charm of weathered bricks matched with contemporary, top-tier amenities including two updated American Disabilities Act-compliant bathrooms.
Imagination meets opportunity in its expansive retail area and versatile space possibly transforming into a chic urban restaurant. Entrepreneurs will revel in an exclusive office space that allows one to manage operations amidst the pulse of city life.
Additionally, its prospective outdoor patio offers an inviting al fresco experience, allowing a harmonious blend between interior refinement and the vibrant street scenes characteristic of Smithfield. Its bustling sidewalks swathed in the gentle southern charm invite an influx of potential patrons. Just a leisurely stroll away, the Ava Gardner Museum and 5th Street Community Garden add to the locale's cultural fabric.
Should the need arise, modern conveniences are amply provided with the proximity to Whitley Grocery & Supply Inc., and health emergencies are swiftly tended to thanks to Johnston Medical School's close presence.
This property is not just a building; it’s a beacon for potential and prosperity, an ideal canvass for entrepreneurs and visionaries poised to sculpt their next business masterpiece or culinary haven, all within a mere 30 minutes from Raleigh. Keep this opportunity in your sights – a place where business aspirations align with premier localization and craftsmanship.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
|
$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
1920
Price
£861,630
Price Per SF
£120
Tenancy
Single
Number of Floors
1
Building FAR
1.38
Lot Size
0.12 AC
Zoning
COM - Right off East Market Street. Possible Brewery, Restaurant, Retail space. Across the street from the courthouse.
Parking
6 Spaces (0.83 Spaces per 1,000 SF Leased)
Frontage
21 ft on South 3rd Street
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15025011 | Improvements Assessment | £81,079 |
| Land Assessment | £30,705 | Total Assessment | £111,785 |
PROPERTY TAXES
Parcel Number
15025011
Land Assessment
£30,705
Improvements Assessment
£81,079
Total Assessment
£111,785
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