106 Main St Norwood, NC 28128
This exceptional 7,000 square foot commercial property, situated on a 0.36-acre lot at 106 S Main Street in the heart of Norwood, NC, presents a unique investment opportunity. The building boasts three separate entrances, offering flexibility for various business configurations. Original wooden floors and a vintage freight elevator add character and charm, reflecting the building's rich history. Large showcase windows provide excellent street visibility, capitalizing on the high foot traffic generated by nearby popular establishments such as Reservoir Coffee and Lantern Sushi, as well as the proximity to Lake Tillery. This prime location is ideal for a diverse range of businesses, including retail spaces, office suites, residential apartments, or creative studios. The substantial square footage allows for the possibility of subdividing the space to accommodate multiple tenants or distinct business functions. The property's versatility and central location within Norwood's vibrant downtown area make it an exceptional investment prospect with significant potential for growth and return. This is a rare chance to acquire a piece of Norwood's history and shape its future. The property is offered at $550,000.
(G) Central business district (CB and CB-CD) ................................................... III-4 (H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General business district (GB and GB-CD) .................................................. III-5 (J) Light manufacturing district (M-1 and M-1-CD) ....…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-B · Norwood, NC(G) Central business district (CB and CB-CD) ................................................... III-4 (H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General business district (GB and GB-CD) .................................................. III-5 (J) Light manufacturing district (M-1 and M-1-CD) .......................................... III-6 3-3. Overlay Districts ..................................................................................................... III-6 3-4. District Boundaries .................................................................................................. III-6 Page No. Page ii Town of Norwood Zoning Ordinance - Adopted 4-16-2018 3-5. Rules Governing Boundaries ................................................................................... III-6 3-6. Dimensional Requirements ..................................................................................... III-7 3-7. Table of Uses ........................................................................................................... III-8 Art. IV. ADDITIONAL CONDITIONS FOR CERTAIN USES................................................. IV-1 4-1. Accessory Communication Antennae ..................................................................... IV-1 4-2. Accessory Uses, Buildings, Structures and Dwelling Units, Attached or Detached .................................................................................................................. IV-1 4-3. Adult Establishments ............................................................................................... IV-2 4-4. Agriculture, Bona fide Farms .................................................................................. IV-2 4-5. Agriculture Implement Sales and Service ............................................................... IV-3 4-6. Amusements, Commercial, Indoor and Outdoor ..................................................... IV-3 4-7. Arenas; Assembly Halls, Coliseums, Armories, Ballrooms, Reception Halls, and Exhibition Buildings .............................................................................. IV-3 4-8. Automatic Teller Machines (ATMs) ....................................................................... IV-3 4-9. Banquet and Events Facilities ................................................................................. IV-4 4-10. Bed and Breakfast Establishment ............................................................................ IV-4 4-11.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
