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    249 Bridge St Elkin, NC 28621

    Sponsored
    For Sale
    $149,900

    Historic District Mixed-Use Gem

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a nearly 3,000 square foot property nestled in Elkin's historic downtown district. Situated on a sizable 0.356-acre lot, the property boasts a four-bedroom, two-and-a-half-bathroom layout, offering significant potential for diverse uses. Currently configured as a residential home, its adaptable floor plan lends itself perfectly to conversion into a commercial space, or a combination of both residential and commercial uses. The property's prime location offers unparalleled convenience, with close proximity to the vibrant Farmer's Market, the renowned Reeves Theater, a variety of restaurants, and ample shopping opportunities. Adding to its appeal, some original hardwood floors remain, adding character and charm. The main level features a primary bedroom complete with an ensuite bathroom. This property represents a rare chance to acquire a substantial building in a thriving downtown area, ideal for savvy investors seeking a high-return opportunity or entrepreneurs looking for a unique commercial space with residential possibilities. The property's size and location make it an attractive prospect for a variety of commercial ventures, while its residential features offer flexibility and potential for additional income streams. The existing structure provides a solid foundation for renovation and adaptation to suit a wide range of business needs. This is a truly unique opportunity to own a piece of Elkin's rich history and vibrant future.

    Property Features for 249 Bridge St

    General Information

    Property type
    Investment properties

    Building Details

    Year Built
    1903
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkin
    County
    Surry
    State
    North Carolina
    Longitude
    -80.85154
    Latitude
    36.24651

    Nearby Comparable

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    FAQs

    What type of property is this?
    Investment property - Historic District Mixed-Use Gem
    Where is this investment property located?
    The property is located at 249 Bridge St Elkin, NC.
    What is the asking price?
    The asking price for this property is $149,900.
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    249 Bridge St Elkin, NC 28621
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    Elkin, NC 28621
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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
    249 Bridge St Elkin, NC 28621
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