111 Marshallberg RdSmyrna, NC 28579

Property Details for 111 Marshallberg Rd

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

3,540 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

7347.01.26.5487000

APU

734701265487000

Description

This exceptional commercial property at 111 Marshallberg Road in Carteret County presents a unique investment or business expansion opportunity. The building, totaling 3,000 square feet, sits on a lot slightly larger than one acre and boasts prime visibility due to its corner location. Currently operating as a grocery store, this established space offers immediate potential for continued use in a similar capacity or for adaptation to a wide range of commercial ventures. The building's history as a grocery store provides a solid foundation for a variety of businesses. The sale includes only the building and land; grocery equipment and inventory are available for separate purchase, offering flexibility for prospective buyers. This property is ideal for entrepreneurs seeking an established location or investors looking for a strong return. The single suite layout provides efficiency and ease of management. The multiple tenancy designation suggests potential for future expansion or subdivision, subject to local regulations and approvals. This is a rare chance to acquire a well-situated commercial property in a desirable location with significant upside potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $965,481

  6.5%

  $891,214

  7%

  $827,555

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,001,190

  Geo Method

  $2,047,680

• Alternative Use

  Use

  Valuation

  Residential

  $751,772

  Hospitality

  $688,619

  Educational

  $572,923

  Medical

  $592,627

  Retail

  $891,214

Location Insight

City

Smyrna

County

Carteret

State

North Carolina

Latitude

34.7592

Longitude

-76.5271

CBSA code

33980

CBSA name

MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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