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 situated in Aberdeen, North Carolina, within a developing commercial corridor off US Highway 1. The surrounding neighborhood features a mix of established retail, light industrial facilities, and professional services. The property is located near major regional anchors, including the Sandhills Shopping Center and diverse dining options. It offers direct access to NC-211 and US-15/501, facilitating efficient transportation links to Pinehurst, Southern Pines, and the greater Moore County area. The site is suited for commercial development, including professional office suites, medical clinics, or light industrial flex space. Its zoning and proximity to regional thoroughfares support business operations requiring high visibility or frequent logistics access. Ideal occupants would include local service providers, specialized clinics, or trade businesses looking to establish a footprint within the growing Aberdeen business community.

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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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