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    116 Young St Henderson, NC 27536

    For Sale
    $250,000

    Prime Commercial Space, High Traffic Area

    Property size:
    8,794 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 8,794 square foot commercial property, located at 116 Young Street Unit 116 in Henderson, NC's historic downtown district, presents a unique investment opportunity. Situated on a 0.12-acre lot, this building boasts high foot traffic and excellent visibility, offering unparalleled exposure to the bustling downtown area. Its prime location places it within easy walking distance of the courthouse, numerous restaurants, thriving businesses, and municipal offices. The building itself features over 25 individual offices and a large conference room, providing ample space for a variety of uses. The flexible layout allows for creative adaptation to suit diverse business needs, from modern office spaces to trendy commercial ventures, or even a conversion into stylish multi-family units. The multiple floors offer significant potential for customization and renovation to reflect a modern aesthetic while preserving the building's historic charm. Henderson's strategic location, approximately 40 minutes from Durham and less than an hour from Raleigh, enhances its appeal as a desirable location for businesses and residents alike. This is a rare chance to acquire a substantial property in a thriving downtown area with significant upside potential. Priced at $250,000, this property represents an exceptional value in a rapidly growing market.

    Property Features for 116 Young St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,794 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1914
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.40208
    Latitude
    36.3283

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 116 Young St Henderson, NC.
    What is the asking price?
    The asking price for this property is $250,000.
    (252) 226-0992
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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
    116 Young St Henderson, NC 27536
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