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 Elkin, North Carolina, situated within a mix of residential landscapes and rural commercial pockets. The property is positioned near the Elkin Creek Vineyard and is approximately three miles from the central business district of Elkin, providing access to local dining and municipal services. The location is accessible via nearby Highway 268, which connects the site to the broader Surry County region and aligns with established local traffic patterns. The property’s orientation and zoning support a variety of retail use cases, ranging from boutique specialty shops to service-oriented businesses. Ideal tenants include local merchants, professional service providers, or small-scale distributors seeking a location with proximity to both residents and regional visitors. The asset’s footprint is well-suited for operators focused on destination-based retail or community-centric services within the Elkin trade area.

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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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