119 3Rd StSmithfield, NC 27577

  • Commercial real estate
  • 6,252 SF
For Sale
$1,100,000 View listing

Property Details for 119 3Rd St

Year built
1900
Lot size
0.16 AC
Property size (Sq ft)
6,252 SF
Zone code
COM
Property type
Commercial real estate
APN
15019045
APU
15019045

Description

This exceptional 7,200 square foot retail property is ideally situated in Smithfield's vibrant Social District, directly across from the Johnston County Courthouse. Recently renovated, the building boasts a new roof, updated electrical and plumbing systems, stunning new windows, and a state-of-the-art HVAC system (installed 2021). The charming, weathered brick exterior complements the contemporary interior, featuring two ADA-compliant bathrooms. The expansive retail space offers incredible versatility, potentially suitable for a restaurant or other high-traffic business. A dedicated office space provides convenient management capabilities. An outdoor patio area provides additional space for customer use. The property benefits from its location within walking distance of the Ava Gardner Museum and 5th Street Community Garden, and is conveniently close to Whitley Grocery & Supply Inc. and Johnston Medical School. This prime location, just 30 minutes from Raleigh, offers unparalleled access to a thriving community and a large customer base. The property presents a unique opportunity for entrepreneurs seeking a beautifully renovated space in a desirable downtown setting. This is more than just a building

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,734,604
    Hospitality
    $1,588,888
    Educational
    $1,321,936
    Medical
    $1,367,400
    Retail
    $2,056,345

Location Insight

City
Smithfield
County
Johnston
State
North Carolina
Latitude
35.5119
Longitude
-78.3459
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,155
$40,570
$110,150
$150,720
-
$40,570
$110,150
$150,720

FAQs

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