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33254119
33254132

410 South Main Street, Laurinburg, NC 28352

LD
NC 279613
RE/MAX Choice
Listed by RE/MAX Choice
$450,000
5 days on market
Updated 4 days ago

410 South Main Street

Details
Property Type Retail, Office
Sub Type Barber shop, Beauty salon
Square Footage 2,826
Net Rentable (SqFt) 2,826
Cap Rate 4.26%
NOI $19,178
Occupancy 100%
Tenancy Multi
Lease Type Net
Lease Term 1
Lease Expiration 05/31/2027
Remaining Term 1
Rent Bumps No
Pro-Forma Cap Rate 7.2%
Pro-Forma NOI $32,378
Price per SqFt $159
Year Built 2007
Buildings 2
Acreage 0.870
Zoning GB
Lease Commencement 05/31/2026
Ground Lease No

Two Commercial Buildings | Historic Main Street Presence

Marketing description

Main Street Investment Opportunity

Two Buildings • One Parcel • High Visibility Location

Position your business in one of Laurinburg’s most recognizable commercial properties. Located along South Main Street, this unique commercial offering consists of two freestanding buildings on a single parcel totaling over 2,800 square feet. The property is currently occupied by a barber shop and beauty salon, creating immediate income potential while offering flexibility for future users. The highly visible corner location provides exceptional exposure, easy access, and convenient on-site parking.

Property Highlights

✔ Two Freestanding Commercial Buildings

✔ Over 2,800 SF Combined

✔ Excellent Main Street Visibility

✔ Established Commercial Corridor

✔ On-Site Parking

✔ Attractive Wraparound Porch

✔ Distinctive Architectural Design

✔ Multiple Private Rooms and Open Work Areas

✔ Ideal for Owner/User or Investment

✔ Flexible Business Uses

Building Breakdown

420 S Main Street

  • Over 1,300 SF
  • Barber Shop Configuration
  • Large Open Floor Plan
  • Private Room
  • Two Restrooms
  • Reception Area

430 S Main Street

  • Over 1,400 SF
  • Two-Story Layout
  • Multiple Private Rooms
  • Open Salon Space
  • Storage Areas
  • Wraparound Porch
  • Upper-Level Bonus Area

Ideal Uses

  • Salon Suites
  • Barber Shop
  • Medical Spa
  • Wellness Center
  • Professional Offices
  • Insurance Office
  • Real Estate Office
  • Boutique Retail
  • Creative Studio
  • Event Planning Office
  • Consulting Firm

This property presents an opportunity to own a landmark commercial asset with strong street presence and multiple income-producing possibilities.

The lot offers access to Biggs Street as well as South Main Street.

Investment highlights

• 100% Occupied Commercial Property with Two Established Tenants

• Current Gross Rental Income of $1,900 Per Month ($22,800 Annually)

• Two Freestanding Commercial Buildings Situated on Approximately 0.873 Acres

• Approximately 2,800 SF Combined Building Area

• Prime South Main Street Location in the Heart of Laurinburg’s Commercial Corridor

• Dual Access from South Main Street and Biggs Street

• Tenant-Paid Utilities Minimizing Landlord Expenses

• Tenant-Responsible Lawn Maintenance

• Low Property Taxes of Approximately $3,622 Annually

• Diverse Tenant Mix Including a Barber Shop and Beauty Salon

• Immediate Cash Flow from Day One of Ownership

• Significant Value-Add Opportunity Through Future Rent Increases as Leases Renew

• Current Rents Believed to Be Below Market for Comparable Commercial Service Space

• Strong Upside Potential Through Rental Rate Adjustments

• Ample On-Site Parking for Customers and Employees

• Unique Historic Character and Wraparound Porch Create Strong Tenant Appeal

• Excellent Visibility Along a High-Traffic Commercial Corridor

• Flexible Future Use Potential Including Professional Office, Salon Suites, Wellness Services, Insurance Agency, Real Estate Office, Medical Spa, Boutique Retail, and Other Service-Based Uses

• Owner-User Opportunity with Ability to Occupy One Building While Retaining Income from the Other

• Two Separate Income-Producing Structures Reduce Single-Tenant Risk and Increase Operational Flexibility

Current rents are believed to be below prevailing market rates for comparable commercial service space. This provides investors with an opportunity to increase income over time through future lease renewals while benefiting from immediate cash flow and stable occupancy.

Listing Contacts

LD
NC 279613
RE/MAX Choice
Listed by RE/MAX Choice

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,178.00
$1,598.17/mo

Valuation Metrics

0
DSCR
4.26%
Cap Rate
4.26%
ROI

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Additional Information

Name
Leslie Dysinger
License
279613
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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