101 E FIRST Street, Lowell, NC 28098
SINGLE_FAMILY - Lowell, NC
- Added:
- Nov 29, 2025
- Days on Market:
- 219
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 101 E FIRST Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Window features
- Display Window(s)
- Basement
- Partial
- Standard status
- Active
- APN
- 128384
- Size
- 1,755 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Description
- 05 011 081 00 000
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1921
Listing agent Tina Clark (980) 429-5562
Listing office Century 21 Town & Country Rlty 2414 East Main Street, Lincolnton, NC (704) 735-1425
Listing date Nov 29, 2025
Copyright © 2026 Canopy 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
- Historic 1921 former bank building with original bank vault, offering unique character and authenticity.
- Prime corner lot location in the heart of Historic Downtown Lowell with strong street visibility.
- Flexible layout allows for up to three separate business spaces or a unified operation, with a connecting doorway to 100 Main Street.
- Upstairs space (1755 sqft) suitable for offices, studios, co‑working, or potential residential use.
- Walkable location near parks, city hall, shops, and ongoing downtown development, benefiting from growing foot traffic.
- Convenient access to I‑85 and proximity to Charlotte (less than 20 minutes), blending small‑town charm with big‑city access.
Overview
Located on a corner lot in historic downtown Lowell, the property offers strong street visibility. The walkable setting places it steps from parks, city hall, and local shops, with downtown development mentioned as ongoing in the area.
The building’s configuration supports tenants or businesses that want dedicated suites within a single, character-rich structure, while still having the option to tie spaces together through the connecting doorway. The presence of the original vault and the second-floor area can also help accommodate a range of office and creative uses, subject to buyer and tenant due diligence for final fit and approvals.
Local Financial Insights For Office B
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 | $45.7k | $26.04 |
| − Vacancy | −$4.7k | −$2.66 |
| EGI | $41.0k | $23.38 |
| − OpEx | −$10.3k | −$5.85 |
| NOI | $30.8k | $17.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lowell
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.1009021
- Latitude
- 35.266635
