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    819 West Ave Lenoir, NC 28645

    For Sale
    $695,000

    Historic building, renovated 2022, endless potential.

    Property size:
    5,226 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5,226 square foot retail property, situated on a 0.04-acre lot at 819 West Avenue NW in Lenoir, NC, presents a unique investment opportunity. Located in the picturesque foothills of the Blue Ridge Mountains, this charming turn-of-the-century building underwent a complete renovation in 2022. Previously a sporting goods and men's store, it currently houses a restaurant on the street level, complete with indoor and outdoor seating, and dedicated dance/entertainment space. The upper level offers versatile space ideal for private parties and banquets, featuring a welcoming fireplace and a separate apartment/office area. A full kitchen and bar are located on the lower level, with additional room for dining. The property boasts five restrooms and a convenient full bath/bedroom area, adding to its functionality. The seller is open to negotiating the inclusion of kitchen and bar equipment, adjusting the final price accordingly. This adaptable space offers numerous possibilities for various business ventures, making it a truly unique and attractive investment in the heart of Lenoir. The property's prime location and recent renovations make it an exceptional opportunity for a discerning buyer. Serious inquiries and offers are welcome.

    Property Features for 819 West Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,226 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1913
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carla Eve Photography Photography Studio The Rum Bar at Taste ... Bar Taste of Havana Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.54034
    Latitude
    35.91438

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    FAQs

    What type of property is this?
    Retail property - Historic building, renovated 2022, endless potential.
    Where is this retail property located?
    The property is located at 819 West Ave Lenoir, NC.
    What is the asking price?
    The asking price for this property is $695,000.
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    819 West Ave Lenoir, NC 28645
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    Lenoir, NC 28645
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    819 West Ave Lenoir, NC 28645
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