Property photo 1
11 photos
ActiveMLS# 10060550112 days on market

$600,000

516 W Chapin Road

Aberdeen, NC 28315

0 BD|0 BA|5,500 SQFT|$109.09/sqft

About This Property

Own a piece of Aberdeen Station's next chapter. This offering combines Lots 6 REV, 6-B and 6-C, totaling approximately 1.35 acres. The property includes a 5,500 SF, single-story brick building within the mixed-use redevelopment of the former Aberdeen school campus. Formerly used for kindergarten, the property offers an adaptive-reuse opportunity for an owner-user or investor, including the outdoor area labeled playground on the conceptual masterplan. The planned development permits a broad range of uses, including daycare, office, medical, retail, personal services, education/training and fitness, subject to applicable conditions and approvals. Explore a dedicated business location or a multi-tenant concept, subject to layout, parking and code requirements. Surrounding campus investment includes active renovation of the main school building, three leased business spaces, and upgrades to the operational Town gymnasium and auditorium. Planned additions include a food truck park, The Story Garden event venue with an outdoor amphitheater, and residential development. Together, these projects offer the potential for an interconnected campus of businesses, recreation and community activity. Future phases and timing remain subject to approvals and development progress. Offered vacant and as-is for renovation. Water, sewer and electrical access are available, but utilities are not operational. Parking and site improvements are required; parking shown on the masterplan is conceptual. Temporary gravel parking is subject to Town review and approval. A development POA is planned but not yet established. Seller financing considered with a minimum 50% down, subject to negotiated terms. Listing broker has an ownership interest in the selling entity.

Property Details

Property TypeCommercial
Year Built1979
Lot Size58,806 sqft
Price / Sqft$109.09
Days on Market12
MLS Number100605501

Sarah Casey

REALTOR®

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Est. Monthly Payment

$3,609

P&I: $3,034 | Tax: $425 | Insurance: $150

$600,000
%
%
Loan Amount$480,000
Down Payment$120,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

516 W Chapin Road, Aberdeen, NC 28315

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