3209 N

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3209 N

Sanford, NC 27332
Asking Price
$2.66M
Asset Type
Retail
Class
Class B

What's Special

Located at 3209 North Sanford Avenue, this retail property is situated within a developing commercial corridor in Sanford, NC. The neighborhood features a mix of established local businesses, residential subdivisions, and light industrial facilities. The site offers direct frontage on a primary north-south thoroughfare, providing visibility and straightforward access for commuters and local residents. Nearby amenities include regional shopping centers, grocery stores, and essential services, while the proximity to major highways facilitates transit across the Raleigh-Durham-Fayetteville triangle. The property is suited for a variety of retail applications, including neighborhood-scale storefronts, specialty boutiques, or service-oriented businesses. Its location and layout align with the requirements of regional franchisees, independent retailers, or professional service providers such as insurance agencies and salons. The asset offers a functional environment for tenants seeking a presence within an expanding secondary market that serves a growing local population base.

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NOI
$80,000
Cap Rate
3.00%
DSCR
0.51
Underwater
Cash-on-Cash
-9.78%
Monthly Payment
$13,180.414
Annual Cash Flow
$-78,164.971

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