141-149 Main St W - Storefront Retail/Residential FOR SALE


Valdese, NC 28690
$1,343,553 USD
336-480-5380
141-149 Main St W, Valdese, NC for Sale
$1,343,553 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 7.6% Cap Rate

141-149 Main St W
Valdese, NC 28690


HIGHLIGHTS

  • Quaint, yet progressive downtown Valdese
  • Restaurant storage and a walk-in freezer
  • Rooftop solar panels
  • Flexible usage; retail, office, restaurant, and residential

OVERVIEW

This tremendous investment opportunity is a two storied, approximately 7200 sf property situated on the highly visible corner of Main Street and Faet Street across a municipal parking lot. It has two commercial spaces plus six apartments. Entire building was renovated a few years ago. The B-1 Business Zoning allows for flexible usage; retail, office, restaurant, and residential. The busy restaurant in the corner just completed some renovations. Most of the restaurant equipment will also convey. There are rooftop solar panels, owned by the property owner with transferrable warranty, are currently used for the restaurant. The other commercial space is a financial services office, affiliated with LPL Financial, signed a new three-year extension. Upstairs are five nice one bedroom I one-bathroom apartments with their individual heat pumps. Attached to the back of this building is another structure that includes restaurant storage and a walk-in freezer. In addition, the structure continues on Faet Street with a main level two-bedroom, one-bathroom apartment and a covered patio and carport. This amazing property is located in quaint, yet progressive downtown Valdese, North Carolina. Downtown Valdese is alive with regular festivals, live music and parks. Valdese is located approximately one hour and fifteen minutes from Charlotte and an hour from Asheville or Boone

FOR SALE DETAILS

PRICE

$1,343,553 USD

PRICE/SF

$187 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7,200 SF Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,604 SF

ZONING

B-1

APN/PARCEL ID

14411

ASK ABOUT THIS PROPERTY

Eric EngstromCollett & AssociatesMore Info
336-480-5380

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Eric EngstromCollett & AssociatesMore Info
336-480-5380

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