Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1401 Main St Albemarle, NC 28001

    Sponsored
    For Sale
    $499,000

    Iconic Restaurant Building, High Visibility, 6702 sq ft

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property presents a fantastic investment opportunity in the heart of Albemarle, NC. Located at 1401/1407 E Main Street, this prominent site boasts over 198 feet of road frontage on a highly visible section of East Main Street. The main building, approximately 5289 square feet, has a rich history as a restaurant since the mid-1940s and is currently tenant-occupied. The existing tenant's restaurant business and equipment may be available for purchase separately, offering a turnkey operation for a prospective buyer. The property's versatility extends beyond restaurant use, presenting numerous possibilities for other commercial ventures. An additional 1413 square feet of commercial space is available at 1401 E Main Street, previously utilized as retail space. This brings the total square footage to 6702. The property sits on a 0.56-acre lot, offering ample space and potential for expansion or outdoor amenities. Its strategic location provides easy access to the Pfeiffer University Health Science Center, downtown Albemarle shopping, major roadways (US 24/27), and the recreational attractions of the Uwharrie Mountains and Morrow Mountain State Park. This is a rare chance to acquire a well-established, high-traffic commercial property with significant potential for growth and return on investment. The asking price for the building is $499,000.

    Property Features for 1401 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Albemarle
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.1763
    Latitude
    35.35223

    Nearby Similar for Sale

    • $315,000
      Pending

      Commercial Building in Albemarle

      Large commercial building in Albemarle, NC, with significant square footage.
      2120 W Main St, Albemarle, NC 28001
      View Details
    • $2,250,000
      2.87 Acres

      Albemarle Commercial Investment Opportunity

      Fully leased commercial building in an Opportunity Zone.
      702 Henson St, Albemarle, NC 28001
      View Details
    • $162,000
      0.24 Acres

      Open-Span Garage Near Downtown Albemarle

      Flexible 2,600+ sqft garage with utilities roughed-in on 0.24 acres.
      1513 Salisbury Ave, Albemarle, NC 28001
      View Details
    • New
      $275,000
      0.23 Acres

      Renovated Duplex Near Downtown Albemarle

      Income-producing duplex with recent renovations and convenient location.
      1610 Lowder St, Albemarle, NC 28001
      View Details
    • $259,900
      0.25 Acres

      Turnkey Duplex in Albemarle, NC

      Ready duplex with updated features, ideal for rental income.
      218 Wilson St, Albemarle, NC 28001
      View Details
    • $6,200,000
      50,000 SF

      Albemarle Multifamily Investment Opportunity

      80-unit apartment complex with value-add potential near Charlotte.
      223 S Morrow Ave, Albemarle, NC 28001
      View Details
    • $995,000
      1.28 Acres

      Albemarle Warehouse and Office Space

      Over 30,000 sqft warehouse and office in downtown Albemarle.
      241 W North St, Albemarle, NC 28001
      View Details
    • $150,000

      Historic Warehouse on Busy Corner

      Warehouse with high visibility and potential for business ventures.
      108 Concord Rd, Albemarle, NC 28001
      View Details
    • $2,800,000
      71,500 SF

      Albemarle Warehouse For Sale

      71,500 SF warehouse property in Albemarle, North Carolina.
      304 E Main St, Albemarle, NC 28001
      View Details
    • $950,000
      0.81 Acres

      Prime Albemarle Industrial Property

      High-visibility shop, ample parking, .81 acres
      315 Hwy Unit, Albemarle, NC 28001
      View Details
    • $360,000
      0.62 Acres

      Albemarle Commercial Building & Lot

      Prime Location, Versatile Space, High ROI
      353 Harwood St, Albemarle, NC 28001
      View Details
    • $129,000
      0.55 Acres

      Established Albemarle Business Opportunity

      Profitable business with ample storage. High-traffic location.
      39123 Connector Byp, Albemarle, NC 28001
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Iconic Restaurant Building, High Visibility, 6702 sq ft
    Where is this commercial real estate located?
    The property is located at 1401 Main St Albemarle, NC.
    What is the asking price?
    The asking price for this property is $499,000.
    (980) 581-8183
    Request Owner's contact information
    1401 Main St Albemarle, NC 28001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1401 Main St
    Albemarle, NC 28001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1401 Main St Albemarle, NC 28001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.