Lots & Building Assemblage

Lots & Building Assemblage

1597 Highway 56 | Butner, NC

CityPlat is pleased to present the opportunity to buy or lease Prime Retail Space in Creedmoor NC. There are two lots for sale or lease, and one large building for sale with a back vacant unit that is 2,150 sq ft available for lease. Building also comes with billboard lease.

The two lots available in this assemblage are a 1 acre and .57 acre outparcel for sale, delivered pad-ready with shared storm water pond and water/sewer allocations that can accommodate. The 1 acre outparcel can accommodate a 7,500 sq ft building, and the .57 acre outparcel can accommodate a 2,000 sq ft building.

At the corner of Washington Street and NC Hwy 56, this assemblage is at the entrance of the Rogers Pointe community and across Hwy 56 from the County Library. Surrounded by supporting residential and retail, this Prime Retail Space is less than one mile from I-85, Exit 191.

LOT 1

  • 1 Acre
  • For Sale | $325,000
  • For Lease | $2,500/mo

LOT 2

  • .57 Acres
  • For Sale | $250,000
  • For Lease | $1,500/mo

LARGE BUILDING

  • $1,700,000
  • 13K sqft former restaurant is now leased to sweepstakes operator. (fully built out kitchen is still in-tact)
  • Vacant Unit in back of building is 2,150 SF | $2,100/mo
  • Fitness NC, LLC Gym occupies 7,446 sq ft
  • Comes with billboard lease
  • Financing Available

  • Total Assemblage Sale | $2.275M

 

  • Large Building
    • For Sale | $1,700,000
    • Cap Rate | 8.7%
    • Gross Rents | $14,500/mo
    • NOI | $148,000
  • Lot 1
    • For Sale | $325,000
    • For Lease | $2,500/mo
  • Lot 2
    • For Sale | $250,000
    • For Lease | $1,500/mo