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1421 Main Street

Albemarle, NC 28001
  • $145,000
  • STATUS: Active
  • ON SITE: 105 Days
  • ID#: 3775420
$145,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,950
    SQFT
  • $74
    $/SQFT
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Offered by Northgroup Real Estate, Inc.. Copyright 2021 Canopy MLS. All rights reserved.

Description

Building is occupied by a multi year tenant who pays $750 per month or $9000 per year. Good investment property at a 6.2% cap rate. Room to raise rents, especially with area development: new road, nearby renovations, $25mm college campus within 1 mile, Main Street, downtown 1 mile away with revitalization underway, hundreds of new construction permits, surrounded by dense Multifamily, high traffic connection of downtown and major retail.

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Based on information submitted to the MLS GRID as of 2021-12-01T23:32:53.833 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Homes Charlotte nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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1421 Main Street Albemarle, NC 28001

  • Price: $145,000
  • Status: Active
  • On Site: 105 Days
  • ID#: 3775420
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,950
SQFT
$74
$/SQFT
1963
Built
County:
Stanly
Area:
Albemarle
Property Description
Building is occupied by a multi year tenant who pays $750 per month or $9000 per year. Good investment property at a 6.2% cap rate. Room to raise rents, especially with area development: new road, nearby renovations, $25mm college campus within 1 mile, Main Street, downtown 1 mile away with revitalization underway, hundreds of new construction permits, surrounded by dense Multifamily, high traffic connection of downtown and major retail.
Exterior Features

Construction Materials Other Construction Type Site Built Foundation Details Slab Other Parking Asphalt Parking Lot Road Frontage Type City StreetHighway Road Responsibility Public Maintained Road Roof None Structure Type Fstan/Ret Waterfront Features None

Interior Features

Building Area Total 1950 Cooling Other Flooring See Remarks Heating Other

Property Features

CCRSubject To Undiscovered Commercial Location Description General Business District Construction Status Complete Documents N/A Elevation 1000 Flood Plain No Hoa Subject To None Inclusions Building Inside City YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashConventional New Construction YN No Possible Use Commercial Property Sub Type Commercial Property Sub Type Secondary Warehouse/Office Restrictions N/A Restrictions Description Na Special Listing Conditions None Sprinkler None Transaction Type For Sale Utilities Cable AvailableCity SewerCity WaterElectricity AvailableFiber OpticsOther Zoning Description Ghbd



Based on information submitted to the MLS GRID as of 2021-12-01T23:32:53.833 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Homes Charlotte nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

Digital Millennium Copyright Act
 
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Offered by Northgroup Real Estate, Inc.. Copyright 2021 Canopy MLS. All rights reserved.