440 E Dixie Dr

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440 E Dixie Dr

Asheboro, NC 27203
Asking Price
$2.89M
Asset Type
Retail
Class
Class B

What's Special

Located at 440 E Dixie Drive, this retail property sits within a primary commercial corridor in Asheboro, North Carolina. The neighborhood is characterized by a high density of established service providers, automotive businesses, and local eateries. The site benefits from direct frontage on US Highway 64 Business, a major east-west artery through city center that connects to nearby Interstate 73 and Interstate 74. This position offers consistent daily traffic counts and proximity to the Randolph County Courthouse and the Randolph County Public Library. The property is well-suited for service-oriented retail, small-scale showrooms, or specialty consumer outlets. Given the surrounding commercial mix and physical layout, typical tenants might include dental or medical offices, boutique fitness studios, or professional service firms requiring visibility. The site’s accessibility and central location make it an appropriate destination for businesses seeking to serve both the immediate downtown population and the broader Randolph County area.

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NOI
$80,000
Cap Rate
2.77%
DSCR
0.47
Underwater
Cash-on-Cash
-10.56%
Monthly Payment
$14,298.143
Annual Cash Flow
$-91,577.718

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