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    429 Main St Spindale, NC 28160

    Sponsored
    For Sale
    $260,000

    Versatile Spindale Business Opportunity - Hwy 74

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.69-acre commercial property at 429 E Main Street, Spindale, NC, presents a unique investment opportunity priced at $260,000. Currently operating as an auto repair shop, the property's versatility allows for a multitude of uses. Imagine a thriving multi-business complex or a complete redevelopment project tailored to Spindale's growing community. The existing structure features three workshop bays, perfect for mechanics or similar trades, complemented by two separate offices, two restrooms, and several storage rooms. A secure, fenced perimeter with a gated entrance and a separate building entrance enhances both security and functionality. Its prime location on Hwy 74 Bus and the intersection of Oakland Rd ensures high visibility and easy access. The property's proximity to the Thermal Belt Rail Trail adds to its appeal, offering potential for synergy with recreational activities. This strategic location makes it an ideal site for a strip mall or other commercial development catering to the local community's needs. The high visibility and strategic location make this a rare opportunity for entrepreneurs and developers seeking a prominent presence in Spindale. Don't miss this chance to acquire a valuable commercial asset in a thriving area.

    Property Features for 429 Main St

    General Information

    Property type
    Investment properties
    Lot Size
    30,056 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Werner's Auto Sales Used Car Dealer Spindale Automotive LLC Used Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spindale
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.9208
    Latitude
    35.3541

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Versatile Spindale Business Opportunity - Hwy 74
    Where is this investment property located?
    The property is located at 429 Main St Spindale, NC.
    What is the asking price?
    The asking price for this property is $260,000.
    (828) 245-2345
    Request Owner's contact information
    429 Main St Spindale, NC 28160
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    Spindale, NC 28160
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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
    429 Main St Spindale, NC 28160
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