1080 Main St NW - Office FOR SALE


Lenoir, NC 28645
$450,000 USD
877-962-1986
1080 Main St NW, Lenoir, NC for Sale
$450,000 USD
Office - FOR SALE
1/26
null | Request Cap Rate

NEW


1080 Main St NW
Lenoir, NC 28645


OVERVIEW

This versatile commercial real estate property is centrally located on a busy main thoroughfare just around the corner from downtown Lenoir, 30 minutes to Hickory, 20 minutes to Morganton and 40 minutes to Boone. Detached concrete loading facility pad for trailer loading/unloading. Current and past uses include retail office space, church, insurance agency, electrical contractor, general contractor, pet grooming / training and storage. Situated on a prime corner lot totaling almost 2 acres with two entrances this income-generating property benefits from high traffic volume and great exposure. With its level terrain, additional acreage, connection to city utilities ( separate meters), and natural gas available, this location presents an excellent opportunity for expansion or redevelopment. Includes two lots across the road totaling an additional 1.96 +/- acres of vacant land. Take advantage of the bustling commercial activity in the area and capitalize on this unique property's potential for transformation. Parcels on the town side of the road with 1080 Main St are included in a NC opportunity zone for certain tax credits. It is zone 37027030100. The map is included in pictures. Link to program information: https://public.nccommerce.com/oz/#section-program The property across from 1080 Main St is in a flood plain, but the buildings are not. Map is attached in disclosures. Projected 8% cap rate with projected income projections of $4,200. Detached concrete loading facility pad for trailer loading. Each space offers independent perimeter fencing.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

-

APN/PARCEL ID

06-22-1-19

ASK ABOUT THIS PROPERTY

Lisa HolmesBlue Ridge Realty & Investments, LLCMore Info
877-962-1986

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Lisa HolmesBlue Ridge Realty & Investments, LLCMore Info
877-962-1986

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.