Multi-Building Retail
969 Reepsville Rd, Lincolnton, NC 28092
New
Commercial Building - Lincolnton, NC
Property size:
4,000 SFLot size:
1.47 AcresPrice / SF:
$210/SF- Added:
- Jun 29, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 30 at 6:06 pm
Property Features for 969 Reepsville Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Parking features
- Garage
- Standard status
- Active
- APN
- 01078
- Size
- 4,000 SF
- Lot size
- 1.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Year built
- 1975
- Year renovated
- 1975
- Architectural style
- Other
Listing agent Jason Dolph (704) 502-0388
Listing office Iron Horse Auction Co, Inc 174 Airport Rd, Rockingham, NC (910) 997-2248
Listing date Jun 29, 2026
MLS# 11691879
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Lot 1: former Bean Brothers Hardware commercial property at 969 Reepsville Road with 22,175± SF across five structures on 1.86± acres
- Lot 1 offers approximately 425± feet of road frontage along Reepsville Road
- Lot 2: adjoining residential parcel at 589 Elm Grove Road on 0.54± acres with a 3‑bedroom, 1‑bath home and 1,122± SF
- Two separate parcels offered together in a Bankruptcy Court‑ordered sale, with final sale subject to U.S. Bankruptcy Court approval (Western District of North Carolina)
Overview
This sale includes a multi-structure commercial property identified as the former Bean Brothers Hardware on Reepsville Road. Lot 1 features approximately 22,175± square feet of improvements across five structures, set on 1.86± acres with approximately 425± feet of road frontage. The overall configuration is suited to users looking for multiple buildings under one ownership framework.
The offering is part of a Bankruptcy Court-ordered sale and includes two separate parcels in Lincolnton, North Carolina. Lot 1 is located at 969 Reepsville Road, and Lot 2 is an adjoining residential parcel at 589 Elm Grove Road. Lot 2 includes a three-bedroom, one-bath home with approximately 1,122± square feet. Final sale is subject to approval by the United States Bankruptcy Court for the Western District of North Carolina.
For investors, owner-users, contractors, or business operators, the combination of a sizable multi-building commercial facility and adjacent residential accommodations can support a range of operational needs. Buyers should review the two-parcel structure and the existing improvements as they consider redevelopment, continued commercial use, or owner-occupied scenarios.
The offering is part of a Bankruptcy Court-ordered sale and includes two separate parcels in Lincolnton, North Carolina. Lot 1 is located at 969 Reepsville Road, and Lot 2 is an adjoining residential parcel at 589 Elm Grove Road. Lot 2 includes a three-bedroom, one-bath home with approximately 1,122± square feet. Final sale is subject to approval by the United States Bankruptcy Court for the Western District of North Carolina.
For investors, owner-users, contractors, or business operators, the combination of a sizable multi-building commercial facility and adjacent residential accommodations can support a range of operational needs. Buyers should review the two-parcel structure and the existing improvements as they consider redevelopment, continued commercial use, or owner-occupied scenarios.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.8k | $18.96 |
| − Vacancy | −$5.7k | −$1.42 |
| EGI | $70.2k | $17.54 |
| − OpEx | −$21.0k | −$5.26 |
| NOI | $49.1k | $12.28 |
4,000 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$701.5K
$613.8K – $818.4K
NOI $49,106 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$604.6K
$529.0K – $705.3K
NOI $42,319 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,128 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Carolina Hardware Garden-Pool
Building Supply
Bean Brothers Hardware ...
Building Supply
Bean Brothers Landscaping
Landscaping
Location Insight
- Map
- Local Demand
- City
- Lincolnton
- County
- Lincoln
- State
- North Carolina
- Longitude
- -81.269161
- Latitude
- 35.475844
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Former hardware retail site with five structures, substantial improvements, and road frontage in Lincolnton, NC.
Where is this retail space located?
The property is located at 969 Reepsville Rd Lincolnton, NC.
What is the asking price?
The asking price for this property is $840,275.
What are key features of this property?
This property features: Lot 1: former Bean Brothers Hardware commercial property at 969 Reepsville Road with 22,175± SF across five structures on 1.86± acres; Lot 1 offers approximately 425± feet of road frontage along Reepsville Road; Lot 2: adjoining residential parcel at 589 Elm Grove Road on 0.54± acres with a 3‑bedroom, 1‑bath home and 1,122± SF
