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    106 Main St Norwood, NC 28128

    Sponsored
    For Sale
    $550,000

    7,000 sq ft, 3 entrances, prime location

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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.

    Property Features for 106 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,000 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1925
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.11916
    Latitude
    35.22459

    Nearby Comparable

    • $550,000
      3,005 SF

      Norwood Retail Opportunity on Main

      Two buildings in Norwood's social district, potential restaurant use.
      127-135 S Main St, Norwood, NC 28128
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    • $69,900

      Wooded Lot Near Medical Center

      Wooded lot zoned HB, city utilities available in Norwood.
      000 Ray Lee St, Norwood, NC 28128
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    • Contact for pricing

      Former Gas Station on Acreage

      Acreage with a 1,280 SF building near Highway 52.
      528 Fork Rd, Norwood, NC 28128
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    • $85,000
      0.56 Acres

      High-Traffic Norwood Commercial Lot

      Prime location, high visibility, great access.
      3209 Northwood Dr, Norwood, NC 28128
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    Nearby Similar for Sale

    • Contact for pricing

      Former Gas Station on Acreage

      Acreage with a 1,280 SF building near Highway 52.
      528 Fork Rd, Norwood, NC 28128
      View Details
    • $550,000
      3,005 SF

      Norwood Retail Opportunity on Main

      Two buildings in Norwood's social district, potential restaurant use.
      127-135 S Main St, Norwood, NC 28128
      View Details
    • $85,000
      0.56 Acres

      High-Traffic Norwood Commercial Lot

      Prime location, high visibility, great access.
      3209 Northwood Dr, Norwood, NC 28128
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 7,000 sq ft, 3 entrances, prime location
    Where is this commercial real estate located?
    The property is located at 106 Main St Norwood, NC.
    What is the asking price?
    The asking price for this property is $550,000.
    (704) 681-0650
    Request Owner's contact information
    106 Main St Norwood, NC 28128
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    Norwood, NC 28128
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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
    106 Main St Norwood, NC 28128
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