703 S Broadway Stree

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703 S Broadway Stree

Forest City, NC 28043
Asking Price
$3.11M
Asset Type
Retail
Class
Class B

What's Special

703 South Broadway Street is situated along a primary commercial corridor in Forest City, North Carolina. The property sits within a high-visibility area characterized by a mix of local service businesses and established national retailers. The neighborhood features a traditional small-town atmosphere with convenient access to the central business district. The location benefits from direct frontage on a well-traveled thoroughfare, providing steady vehicular traffic and ease of access to Highway 74 and nearby residential clusters. The site is suited for retail operations such as specialty boutiques, professional service offices, or small-scale convenience outlets. Given the surrounding demographic and traffic patterns, the property is an appropriate match for local owner-occupiers or regional service providers looking for a functional footprint in a stable trade area. The layout supports tenants requiring accessible customer entry and prominent signage visibility within the local Forest City market.

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NOI
$80,000
Cap Rate
2.57%
DSCR
0.43
Underwater
Cash-on-Cash
-11.23%
Monthly Payment
$15,406.373
Annual Cash Flow
$-104,876.475

Location & Travel Times