622 Magnolia Dr

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622 Magnolia Dr

Aberdeen, NC 28315
Asking Price
$650K
Asset Type
Land
Class
Class B

What's Special

622 Magnolia Drive is a cleared land parcel situated in Aberdeen, North Carolina, within Moore County. The property is located just off U.S. Route 1, providing direct connectivity to the regional transportation network and the nearby Moore County Airport. The surrounding neighborhood features a mix of light industrial facilities, commercial services, and established residential pockets. Local amenities within a short drive include major retailers along the Highway 15-501 corridor and the historic downtown districts of both Aberdeen and Southern Pines. The site is suited for light industrial development, small-scale warehousing, or a contractor storage yard. Given its proximity to major thoroughfares, the location is optimal for businesses requiring flexible outdoor storage or localized distribution capabilities. Typical occupants for this type of asset include regional trade contractors, equipment rental companies, or logistics firms seeking a central footprint within the Sandhills region. Ground-up development would align with the area's ongoing commercial growth.

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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856

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