Beauty Destination | 502 US-1
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Beauty Destination 502 US-1
1,680 SF Retail Building Norlina, NC 27563 £176,242 (£105/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 buisness is ready for next owner. One side is a nicely stocked Beauty supply store and the other side is a Beauty Salon both are already functioning. Current Booth Rental tenants are in place. Tenants are on a month to month bases currently paying $400.00 each. Commerical door and windows were installed. Don't let an amazing opportunity pass by. Salon & Spa Equipment conveys with building. (Salon stations with chiars, Nail Tech station with chair, Pedicure Spa chair, Shampoo stations, Blow Dryer Stations, Waiting area chairs, T.V's,) Beauty store supplies conveys with building. ( Hair supplies, mobile check-out counter). Leased Options is available for the Building ONLY. All supplies will be removed and Equipment can be discussed with owner.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£671,105
|
£399.47
|
| Operating Expenses |
£2,631,888
|
£1,566.60
|
| Total Expenses |
£3,302,993
|
£1,966.07
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | £671,105 |
| Annual Per SF | £399.47 |
| Operating Expenses | |
|---|---|
| Annual | £2,631,888 |
| Annual Per SF | £1,566.60 |
| Total Expenses | |
|---|---|
| Annual | £3,302,993 |
| Annual Per SF | £1,966.07 |
Property Facts
Sale Type
Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Building Size
1,680 SF
Year Built/Renovated
1940/2020
Price
£176,242
Price Per SF
£105
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
- Freeway Visibility
- Wheelchair Accessible
- Recessed Lighting
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | D4D188 | Total Assessment | £24,010 |
| Land Assessment | £13,235 | Annual Taxes | £671,105 (£399.47/sf) |
| Improvements Assessment | £10,775 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
D4D188
Land Assessment
£13,235
Improvements Assessment
£10,775
Total Assessment
£24,010
Annual Taxes
£671,105 (£399.47/sf)
Tax Year
2024 Payable 2025
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Beauty Destination | 502 US-1
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