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    231 Scales St Reidsville, NC 27320

    Sponsored
    For Sale
    $199,900

    Prime location, versatile space, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail property, located at 231 S Scales Street in the heart of Reidsville, NC, presents a unique investment opportunity. Situated adjacent to the bustling Market Square, this three-level building offers over 5,000 square feet of adaptable space, perfect for a variety of commercial uses. The property boasts convenient east access and ground-level entry points from both the front and rear, ensuring easy accessibility for customers and staff. Currently occupied under a month-to-month lease, this provides immediate income potential or the flexibility to occupy the space yourself. The interior layout is highly functional, featuring multiple restrooms, ample storage rooms, dedicated office spaces, and expansive open areas that can be configured to suit diverse business needs. The building's prime location in the vibrant downtown area offers high visibility and foot traffic, making it an ideal space for a retail business seeking a strong presence in the community. The asking price is $199,900. This is a rare chance to acquire a substantial commercial property in a thriving downtown setting. Schedule a viewing today to explore the possibilities.

    Property Features for 231 Scales St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.66396
    Latitude
    36.35917

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    FAQs

    What type of property is this?
    Retail property - Prime location, versatile space, great potential.
    Where is this retail property located?
    The property is located at 231 Scales St Reidsville, NC.
    What is the asking price?
    The asking price for this property is $199,900.
    (336) 449-0736
    Request Owner's contact information
    231 Scales St Reidsville, NC 27320
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    Reidsville, NC 27320
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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
    231 Scales St Reidsville, NC 27320
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