Address
100 Plank Bridge Road, Camden, NC
Price
$ 2,500,000
Property Attributes
  • MLS#100434490
  • TypeCommercial
  • CountyCAMDEN
  • CityCamden
  • NeighborhoodCity of Camden
  • Zip27921
  • StyleCommercial,Food Service,Medical,Office,Retail,Shop
  • Year Built2016
  • Taxes$ 17604
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11000
  • Lot Size2.52 Acres
Data Source:
Albemarle Area AOR - NCRMLS
Property Description

Fully leased Shopping Strip Center in the heart of Camden with a current CAP rate of 7.36%. Built in 2016 with Central Sewer and Natural Gas in the heart of lovely Camden, NC. Five units from 1,662-3,000 sq ft for a total of 11,000 sq ft with 76 parking spaces on 2.52AC listed for $1.1M below tax value. Tenants include Chesapeake Regional Medical Center, Todds Pharmacy (which is closed and subleased to a Church but Todd's lease is still in force through the end of 2027), Jack & Jenny's Pizza Company, Hungry Panda, and Waterfall Blossom Cafe. Gross Income is currently $180,550 ($15.22-$17.31 per sq ft) and all leases are NNN with $4.50 per square foot TICAM charges and the lease rates all increase between 2%-3% annually. CAP rates will increase by about 0.2% annually assuming no vacancies and no increases in expenses. Room to build an additional +/-3,500 sq ft between the existing building and Hwy 343 with parking lot and landscaping in place for the expansion area.

Price History
3/22/2024 Listed $2,500,000

General Features

Heating Heat Pump
Cooling Central
Utilities City Water,Municipal Sewer,Natural Gas Connected
Possession Subject To Tenant Rights
Roof Flat,Membrane
current use Commercial,Medical/Dental,Office,Retail
Zoning Comm. Core
New Construction No
Subdivision N/A
County Camden
Number of Units 5
Stipulation of Sale None
Property Type G
HOA No
Terms 1031 Exchange,Cash,Conventional
Location Business Park,Cent Business District,Freestanding,Gen Bus District,Shopping Center
Tax Year 2023
Sale/Lease Includes Buildings,Land
Status Active
Special Assessments N/A
Cobra Zone No
Lot Sqft 109771.00
Days on Market 40
City Limits Yes
Sub-Type Commercial,Food Service,Medical,Office,Retail,Shopping Center
Year Built 2016
City Camden
Geo Lat 36.328434
Sale/Lease Sale
Tax Assessed Value 3683756.00
Airport 6 - 10 Miles
County Highway Less than 5 Miles
Interstate 16+ Miles
Port 16+ Miles
Rail Less than 5 Miles
State Highway Less than 5 Miles
Geo Lon -76.174289
Location Type Mainland
Street Name Plank Bridge

Interior Features

List Price/SqFt 227.27
SqFt - Apx Total 11000.00

Exterior Features

Lot Description Level
Number of Parking Spaces 76
Lot 3
Lot Dimensions 348' x 462' x240' x 343'
Parking Features Asphalt,Lighted,Off Street,Parking Lot
Fuel Tank None
MLS Identifier 20150918160742258811000000
Lot Acres 2.52
Road Type/Frontage 2 - 3 Lanes,4+ Lanes,Public (City/Cty/St)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 27921

Price
AVG $130K
$2.5M
Taxes
AVG $1,640
$17,604
Visits
AVG 132
57
Data Provided by Inside Real Estate®
Year Built
AVG 1992
2016