318 Elkin Creek Mill Rd

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318 Elkin Creek Mill Rd

Elkin, NC 28621
Asking Price
$1.97M
Asset Type
Retail
Class
Class B

What's Special

318 Elkin Creek Mill Road is located in the scenic foothills of Elkin, North Carolina. The property is situated in a mixed-use area characterized by residential developments, local businesses, and nearby natural attractions like Elkin Creek. It offers convenient access to Highway 268 and I-77, facilitating regional connectivity to the larger Winston-Salem and Charlotte markets. Local amenities include the Elkin Municipal Park and various commercial centers along the main thoroughfares, providing a consistent flow of local and visitor traffic to the immediate vicinity. The retail asset is well-suited for a variety of use cases, including specialty boutiques, outdoor outfitters, or food and beverage establishments. Given the proximity to the Yadkin Valley wine region and local trails, the location appeals to businesses targeting both residents and regional tourists. An ideal tenant profile includes local retailers seeking a high-visibility location or service-oriented businesses aiming to capture the neighborhood market. The building's layout and surrounding environment support versatile floor plans for enterprises requiring both showroom space and proximity to Elkin’s primary transportation routes.

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NOI
$80,000
Cap Rate
4.06%
DSCR
0.68
Underwater
Cash-on-Cash
-6.25%
Monthly Payment
$9,746.485
Annual Cash Flow
$-36,957.822

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