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    115 Central Ave Locust, NC 28097

    For Sale
    $348,000

    Versatile building, .56 acres, updated systems.

    Property size:
    1,458 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, situated on a 0.56-acre lot at 115 N Central Avenue in Locust, North Carolina, presents a unique investment opportunity. The main building, totaling 1,458 square feet, is currently configured as an art studio with classrooms, offering versatile space adaptable to various commercial uses. A significant advantage is the inclusion of a powered outbuilding, expanding the potential uses and storage capacity. The property benefits from recent upgrades, including a roof replacement completed in February 2023 and an HVAC system replacement just two years prior, minimizing immediate maintenance concerns. Its prime location on N Central Avenue offers excellent visibility and accessibility, with the added benefit of proximity to local amenities such as Mi Fuente Fresh Mexican Grill, the Police Station, the Fire Station, and other restaurants. Accessibility features include a ramp leading to a rear deck and a designated handicapped parking space. This property is ready for immediate occupancy and presents a compelling opportunity for entrepreneurs and investors seeking a well-maintained, conveniently located commercial space in the thriving Locust community. The property's versatility and recent improvements make it an attractive option for a wide range of commercial ventures.

    Property Features for 115 Central Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,458 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1945
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morton & Griffin Law ... Law Firm

    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
    Locust
    County
    Stanly
    State
    North Carolina
    Longitude
    -80.42576
    Latitude
    35.26179

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, .56 acres, updated systems.
    Where is this commercial real estate located?
    The property is located at 115 Central Ave Locust, NC.
    What is the asking price?
    The asking price for this property is $348,000.
    (704) 983-2114
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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
    115 Central Ave Locust, NC 28097
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