1002 Spence Avenue

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1002 Spence Avenue

Goldsboro, NC 27534
Asking Price
$5.10M
Asset Type
Retail
Class
Class B

What's Special

1002 Spence Avenue is located in a primary commercial corridor of Goldsboro, North Carolina. The property sits within a dense retail cluster characterized by high-volume national retailers, casual dining establishments, and service-oriented businesses. It is positioned near the intersection of East Ash Street and directly benefits from proximity to U.S. Route 70, a major regional artery providing north-south connectivity through the city. The surrounding neighborhood serves as a central shopping destination for the local community and base personnel from Seymour Johnson Air Force Base. The site is suited for retail operations that require high visibility and frequent consumer foot traffic. Ideal use cases include single-tenant franchises, medical clinics, or quick-service restaurant concepts. The typical tenant profile consists of established regional or national brands seeking a presence in a stable, mid-sized market. The location’s accessibility and neighboring anchor stores support businesses that rely on synergistic automotive traffic and routine consumer trips within the Goldsboro trade area.

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NOI
$80,000
Cap Rate
1.57%
DSCR
0.26
Underwater
Cash-on-Cash
-14.56%
Monthly Payment
$25,232.017
Annual Cash Flow
$-222,784.208

Location & Travel Times