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    112 Garnett St Henderson, NC 27536

    Sponsored
    For Sale
    $179,999

    Historic District, Needs Repairs, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional retail property, located at 112 S Garnett Street in Henderson, North Carolina's historic district, presents a unique investment opportunity. Priced at $179,999, this 0.11-acre lot offers significant potential for redevelopment or renovation. The property is being sold "as-is," reflecting the need for repairs. A recent price reduction of $40,000 acknowledges the necessary work. The building currently features a ground-floor retail space, while the second floor is vacant and lacks electrical service. This presents a chance to add value through renovations and potentially expand the usable square footage. The property's location within the historic district offers considerable charm and potential for attracting a diverse clientele. Investors seeking a project with substantial upside will find this property particularly appealing. The "as-is" condition allows for creative vision and customization, making it ideal for those with a keen eye for renovation and a desire to contribute to the revitalization of a historic area. Serious inquiries are encouraged to explore the possibilities this unique property offers. The absence of electricity on the second floor presents a clear opportunity for improvement and expansion. The property's prime location within the historic district provides a strong foundation for a successful venture.

    Property Features for 112 Garnett St

    General Information

    Property type
    Retail properties
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1885
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Vance
    State
    North Carolina
    Longitude
    -78.40326
    Latitude
    36.3272

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    FAQs

    What type of property is this?
    Retail property - Historic District, Needs Repairs, High Potential
    Where is this retail property located?
    The property is located at 112 Garnett St Henderson, NC.
    What is the asking price?
    The asking price for this property is $179,999.
    (919) 605-7892
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    112 Garnett St Henderson, NC 27536
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    Henderson, NC 27536
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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
    112 Garnett St Henderson, NC 27536
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