Beauty Destination 502 US-1 1,680 SF Retail Building Norlina, NC 27563 £246,688 (£146.84/SF)
INVESTMENT HIGHLIGHTS
- Main Street with nice traffic flow
- Corner Lot with a drive around driveway
EXECUTIVE SUMMARY
What a great time to jump right into a true Turn Key ready made business opportunity. This business is ready for the next owner. One side is a nicely stocked Beauty supply store and the other side is a Beauty Salon & Barbershop both are already functioning. Has 7 booths total so far. Current Booth Rental tenants are in place. Tenants are on a month to month basis currently paying $400.00 each. Commercial door and windows were installed. Don't let an amazing opportunity pass by. Salon Equipment conveys with the building. (Salon stations with chairs, Nail Tech station with chair, Shampoo stations, Blow Dryer Stations, Waiting area chairs, T.V's,) Beauty store supplies conveyed with building. ( Hair supplies, mobile check-out counter). All supplies can be removed and Equipment can be discussed with the current owner if not interested in the set up.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
£650,320
|
£387.10
|
| Operating Expenses |
£2,550,374
|
£1,518.08
|
| Total Expenses |
£3,200,694
|
£1,905.18
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,680 SF
Building Class
C
Year Built/Renovated
1940/2020
Price
£246,688
Price Per SF
£146.84
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
Commerical - Road Front Commerical property
Parking
15 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
81 ft on U.S. 1
AMENITIES
- Corner Lot
- Motorway Visibility
- Wheelchair Accessible
- Recessed Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | D4D188 | Total Assessment | £23,266 |
| Land Assessment | £12,825 | Annual Taxes | £650,320 (£387.10/sf) |
| Improvements Assessment | £10,441 | Tax Year | 2024 Payable 2025 |
