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    215 Main St Troy, NC 27371

    Sponsored
    For Sale
    $275,000

    High-yield retail property with tenants.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a prime commercial property located at 215 & 217 N Main Street in the heart of Troy, NC. The property encompasses multiple retail and office spaces currently occupied by established tenants, generating consistent rental income. This makes it an ideal addition to any investor's portfolio seeking a stable, cash-flowing asset. The 0.4-acre lot provides ample space, and the property includes both street-level Main Street frontage and additional spaces in the basement. The building's current configuration offers flexibility for a variety of uses, allowing for potential expansion or adaptation to meet evolving market demands. The property is priced competitively at $275,000, representing a strong return on investment given the existing tenant occupancy and desirable downtown location. Serious inquiries are encouraged. Showings are strictly by appointment only to ensure minimal disruption to the current tenants and their operations. Please contact us to schedule a viewing and explore the potential of this lucrative investment opportunity. Detailed financial information and tenant occupancy details are available upon request.

    Property Features for 215 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Montgomery
    State
    North Carolina
    Longitude
    -79.8939
    Latitude
    35.36023

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property with tenants.
    Where is this retail property located?
    The property is located at 215 Main St Troy, NC.
    What is the asking price?
    The asking price for this property is $275,000.
    (910) 572-5500
    Request Owner's contact information
    215 Main St Troy, NC 27371
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    Troy, NC 27371
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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
    215 Main St Troy, NC 27371
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