Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Commercial Space, Wadesboro Title is generated by Realmo AI

    105 E Morgan Street, Wadesboro, NC 28170

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $74,000

    Prime location, flexible layout, ideal for various businesses.

    Type:Commercial
    Property size:
    756 SF
    Price / SF:
    $97/SF
    Added:
    Sep 26, 2025
    Days on Market:
    235
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for 105 E Morgan Street

    General Information

    Standard status
    Active
    Size
    756 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1947

    We can help!

    Listing Contact
    RAMZI HAWA
    RAMZI HAWA

    Listing agent RAMZI HAWA License #299505

    Listing office KELLER WILLIAMS SELECT

    Listing date Sep 26, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS SELECT

    HighLights

    • Prime location in uptown Wadesboro with maximum visibility and foot traffic.
    • Turnkey commercial space ready for immediate operation.
    • Flexible layout suitable for various business types (salon, retail, office, restaurant, etc.).
    • Large windows providing natural light and excellent street visibility.
    • Premium finishes requiring minimal additional investment.
    • Includes 3 rooms, a bathroom, and additional storage space.

    Overview

    This turnkey commercial space is situated in a prime location in uptown Wadesboro, offering maximum visibility and foot traffic. Large windows enhance visibility and fill the space with natural light, while also providing excellent exposure to the traffic along E. Morgan Street. The downtown location ensures visibility for both drivers and pedestrians in the heart of town. Currently operating as a hair salon, the flexible layout and premium finishes provide a foundation for immediate operation with minimal additional investment. The property is suitable for a salon, beauty/nail spa, boutique retail store, professional office, pub or restaurant, or creative workspace. The space includes 3 rooms, a bathroom, and an additional storage space. The property size is 756 square feet.
    Location Intelligence

    Current Use by Public Records

    Attard Hair Studio Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wadesboro
    County
    Anson
    State
    North Carolina
    Longitude
    -80.0766
    Latitude
    34.9653

    Nearby Similar for Sale

    • $74,000

      Turnkey Commercial Space in Wadesboro

      Prime location, high visibility, flexible layout, ready for immediate operation.
      105 E Morgan Street, Wadesboro, NC 28170
      View Details
    • $259,900
      2,000 SF

      Mixed-Use Commercial Building, Wadesboro

      Mixed-use building with commercial space and residential apartment in Wadesboro.
      112 E Wade Street, Wadesboro, NC 28170
      View Details
    • $240,000
      4,000 SF

      Versatile Retail Space Near Grocery

      Adaptable retail space with office, storage, and customer service area.
      804 Camden Road, Wadesboro, NC 28170
      View Details
    • $150,000
      1,364 SF

      Renovated Building Ready for Business

      Recently renovated building designed for oil changes and inspections.
      116 N Rutherford Street, Wadesboro, NC 28170
      View Details
    • $125,000
      1,364 SF

      Adaptable Commercial Space For Sale

      Blank canvas ready for customization with updated infrastructure.
      112 N Rutherford Street, Wadesboro, NC 28170
      View Details
    • $125,000
      1,364 SF

      Versatile Commercial Space For Sale

      Adaptable commercial space with recent upgrades and expansion potential.
      110 N Rutherford Street, Wadesboro, NC 28170
      View Details
    • $399,900

      Wadesboro Commercial Investment Opportunity

      Large commercial space in uptown Wadesboro, priced under $20/square foot.
      201 W Morgan Street, Wadesboro, NC 28170
      View Details
    • Contact for pricing
      16,150 SF

      Wadesboro Warehouse Property For Sale

      16,150 SF warehouse/industrial property in Wadesboro, North Carolina.
      200 Wallace Rd, Wadesboro, NC
      View Details
    • Contact for pricing
      21,660 SF

      Wadesboro Warehouse Space Available

      21,660 SF warehouse space in Wadesboro, North Carolina.
      21 S NC-742, Wadesboro, NC
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location, flexible layout, ideal for various businesses.
    Where is this retail space located?
    The property is located at 105 E Morgan Street Wadesboro, NC.
    What is the asking price?
    The asking price for this property is $74,000.
    What are key features of this property?
    This property features: Prime location in uptown Wadesboro with maximum visibility and foot traffic.; Turnkey commercial space ready for immediate operation.; Flexible layout suitable for various business types (salon, retail, office, restaurant, etc.).
    (704) 684-1000
    We can help!
    Listing Contact
    RAMZI HAWA
    RAMZI HAWA
    Real Estate License ID: 299505
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    105 E Morgan Street, Wadesboro, NC 28170
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!