200 Spring Ave 2,428 SF Retail Building Spring Lake, NC 28390 $1,249,062 CAD ($514.44 CAD/SF)



INVESTMENT HIGHLIGHTS
- 2,100 SF commercial building with adjacent 0.53-acre lot
- C3 & CB zoning, allowing flexible commercial uses
- Close to Fort Bragg, the largest U.S. military base
- ATM lease on 112 Spring Ave parcel
- High-visibility location near Dunkin', Verizon and hotels
- Strong traffic counts and easy accessibility
EXECUTIVE SUMMARY
This 2,100-square-foot commercial property at 200 Spring Ave. is available alongside the adjacent lot at 112 Spring Ave., totaling approximately 0.53 acres. Previously home to a Cumberland ABC store, the site is well-suited for a range of retail and commercial uses. The parcel at 112 Spring Ave. includes an ATM with an active lease generating $1,500 annually, with two renewal terms remaining and scheduled annual increases—offering a built-in revenue stream for investors. Zoned C3 for the main building and CB for the adjacent lot, the property allows for flexible development opportunities in a well-trafficked area. High visibility and accessibility make this an ideal location for businesses looking to establish or expand their presence.
The property is surrounded by national and regional retailers, including Dunkin’, Verizon, and several major hotel brands, ensuring strong consumer traffic and demand. Located near Fort Bragg, the largest military base in the U.S., the area benefits from a robust economy supported by military personnel, their families, and civilian employees. Its proximity to key commercial hubs enhances visibility, while nearby residential communities provide a steady customer base. The area is well connected to major roadways, making it easily accessible for both local and transient customers. Whether for an owner-user or an investor, this site offers an excellent balance of stability and growth potential in a dynamic commercial setting.
The property is surrounded by national and regional retailers, including Dunkin’, Verizon, and several major hotel brands, ensuring strong consumer traffic and demand. Located near Fort Bragg, the largest military base in the U.S., the area benefits from a robust economy supported by military personnel, their families, and civilian employees. Its proximity to key commercial hubs enhances visibility, while nearby residential communities provide a steady customer base. The area is well connected to major roadways, making it easily accessible for both local and transient customers. Whether for an owner-user or an investor, this site offers an excellent balance of stability and growth potential in a dynamic commercial setting.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,428 SF
Building Class
B
Year Built
1964
Price
$1,249,062 CAD
Price Per SF
$514.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.53 AC
Zoning
C3 - Commercial
Parking
25 Spaces (10.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 0501-75-9886 | Improvements Assessment | $110,874 CAD |
Land Assessment | $136,237 CAD | Total Assessment | $247,111 CAD |