For Sale

950 W Market St

950 W Market St,
Smithfield, NC 27577

Asset Snapshot

Assisted Living
Industrial Subtype
1978
Year Built
2022
Year Renovated
1
Floor Count
1
Building Count
20
Parking Spots
0.92 Acres
Land Area

Offering Summary

Investment Overview

Positioned as a compelling opportunity for an owner/operator seeking a highly adaptable commercial facility, this property offers the flexibility to accommodate a wide range of service, showroom, light industrial, production, or specialty commercial uses. The building's interior has been cleared to the slab floor, exterior walls, and underside of the roof deck, providing a true blank canvas for a customized buildout. The space is currently configured with a large primary open area complemented by a former four-bay service garage, providing additional functionality for businesses requiring vehicle access, receiving, equipment storage, service operations, or production space. An existing full wet fire suppression system provides valuable building infrastructure. The property has 20 dedicated parking spaces to support employees, customers, and visitors. It is part of an adaptive reuse project that features a new 21,600-square-foot retail building and a 22,000-square-foot former big-box furniture store that has been repurposed as Dunkin Donuts' regional central manufacturing location, creating an emerging commercial destination with a complementary mix of uses. With its open interior configuration, functional service-bay component, existing building infrastructure, dedicated parking, interstate accessibility, and surrounding reinvestment, the property represents a distinctive opportunity for an owner/operator to create a facility tailored specifically to its operational and customer needs.


Investment Highlights

  • New Roof 2022
  • 40-foot interior column spacing & 13 -14 foot clear height
  • Exterior/Common Area of site managed by POA

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$3,950,000
Asking Price

Investment Sales Broker

Jim Perricone
Partners Commercial Realty

Market Insights