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Property profile & analytics
OFF-MARKET Estimated value $865,000
Commercial real estate

201 Morgan St Wadesboro, NC 28170-2683

20,872 SF Built 1926
Entity Owned 4-yr Hold Free & Clear
Property ID
US53-1340147
Property summary
AI-generated overview

Exceptional investment opportunity awaits with this substantial 20,609-square-foot office building situated in downtown Wadesboro, North Carolina. This four-story, 1926-built structure, located at 201 W Morgan St (APN 6474-15-64-9011), sits on a 0.23-acre lot and is zoned CB. Priced aggressively at $399,900 ($19.40/sq ft), this property presents significant upside. The main floor and basement have undergone partial renovations, while the upper floors offer a blank canvas for customization. While the building shows evidence of past water damage (interior walls on the right side and a prior roof leak on the top floor), the roof has since been inspected and repaired. Potential buyers should independently verify the current condition and consult with the Town of Wadesboro regarding zoning compliance and any necessary upgrades for their intended use. The building's size allows for diverse uses, from a single large tenant to multiple smaller tenants. This presents a unique chance to acquire a substantial commercial property in a prime location at a remarkably low price per square foot. The property's potential is undeniable, making it an attractive proposition for savvy investors.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1926
Total area 20,872 SF
APN 6474-15-64-9011
UPID US53-1340147
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gentle Touch Home Care Home Health Care Service
  • ILT Financial Consultants Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$865k
Owner & transaction history
Godowin & Co LLC · 4 yrs held
Godowin & Co LLC
since 2021
1 recorded transaction
2021
$98,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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