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On & On Gift and Thrift 5256 US 74 E

2,715 SF Vacant Retail Building Sylva, NC 28779 £533,257 (£196/SF)

Investment Highlights

  • Recent Remodel
  • "D" Pillar Double Pylon Sign (Programmable and Pan Signs)
  • Two Individual Buildings Plus Two Covered Ares

Executive Summary

2 separate buildings: Building 1: 1,515 square feet, wood frame construction, built in 1980.
Building 2: 1,200 square feet, steel construction, built in 2010.
Total Heated/Cooled/Insulated area - 2,715 SF
Total Covered Area 3,771 SF (including buildings, canopy and gazebo)
Recent major remodel (2021); additional paving, paint, floor coverings, electrical upgrades, lighting upgrades, both buildings heated, cooled and insulated; steel building has a single low dock / drive in door and a double low dock / drive in door, and both flex and warehouse spaces; 32' "D" pillar, double pylon sign with 7.5' X 4' programmable, (via internet/LTE), full color LED sign at the top and a 64 SF pan sign below (8' X 8'). 2.5' X 15' roof mounted pan sign on main building; 936 + SF lighted canopy. All interior and exterior lighting is new, LED; pan signs are LED lit, large pan sign, canopy lights, and exterior perimeter LED security lights are all automatic, dusk to dawn. One handicapped accessible bathroom. Second bath was converted to a dressing room but can VERY EASILY be re-converted to a bathroom; owned, interior and exterior video surveillance system with internet accessibility; wireless alarm systems for each building; recently refinished gazebo; private well; private septic system; municipal power; wireless internet
Building was originally a gas station/ c store. Fuel tanks have been removed and UST certificate acquired.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
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 - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,715 SF
Building Class
C
Year Built/Renovated
1980/2021
Price
£533,257
Price Per SF
£196
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.18
Land Acres
0.34 AC
Zoning
Unzoned - Unzoned - Various Commercial
Parking
14 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
253 ft on US 74

Amenities

  • 24 Hour Access
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Security System
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Listing ID: 33828858

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 5256 US 74 E, Sylva, NC 28779

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