1801 Outlet Center DrSelma, NC 27576

Property Details for 1801 Outlet Center Dr

Year built

1987

Lot size

1.48 AC

Property size (Sq ft)

5,613 SF

Zone code

COM

Property type

Turn key restaurants

APN

14074009H

APU

14074009H

Description

This exceptional commercial property, located at 1801 Outlet Center Drive in Selma, North Carolina, presents a unique opportunity for both owner-occupants and investors. The 5,672 square foot building sits on a spacious 1.48-acre lot, offering ample space for expansion or outdoor seating. Currently vacant, this second-generation restaurant space is ready for immediate occupancy and customization. The property boasts a convenient location just off I-95, ensuring high visibility and easy access for customers. Its strategic placement within a thriving commercial area, surrounded by a variety of retail outlets, restaurants, and service businesses, guarantees consistent foot traffic and a strong customer base. The property is zoned for commercial use, allowing for a wide range of potential business ventures. The asking price is $1,860,000. The property's parcel number (APN) is 261413-04-0945. This turnkey opportunity is ideal for entrepreneurs seeking a well-situated establishment in a bustling commercial environment. Don't miss this chance to establish your business in a prime location with significant growth potential. The property is ready for your vision and offers a blank canvas for creating a thriving culinary destination or other commercial enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $2,000,020

  6.5%

  $1,846,172

  7%

  $1,714,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,744,422

  Geo Method

  $3,246,788

• Alternative Use

  Use

  Valuation

  Residential

  $1,557,315

  Hospitality

  $1,426,492

  Educational

  $1,186,825

  Medical

  $1,227,642

  Retail

  $1,846,172

Location Insight

City

Selma

County

Johnston

State

North Carolina

Latitude

35.5201

Longitude

-78.2941

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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