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    108 W Virginia Ave, Unit Bessemer City Bessemer City, NC 28016

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    For Sale
    $349,000

    Renovated commercial building with income-producing units in downtown Bessemer City.

    Property Features for 108 W Virginia Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1941

    Source: SHIPER REALTY, LLC Agent IGOR SHIPER

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

    Overview

    Downtown Bessemer City Income Property

    Located in downtown Bessemer City, this renovated building is suitable for retail, office, or other commercial uses. The property features 8 units, all of which are currently rented and producing income. Recent renovations include a new HVAC system, roof, and ADA-compliant bathroom. The property benefits from high foot traffic and visibility. The surrounding area is experiencing new development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer City
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.2842138
    Latitude
    35.2851138

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    FAQs

    What type of property is this?
    Retail space - Renovated commercial building with income-producing units in downtown Bessemer City.
    Where is this retail space located?
    The property is located at 108 W Virginia Ave, Unit Bessemer City Bessemer City, NC.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Fully rented, income-producing commercial property.; - Prime downtown location with HIGH FOOT TRAFFIC and VISIBILITY.; - Recently renovated with NEW HVAC, ROOF, and ADA bathroom.
    (919) 274-3200
    Request Owner's contact information
    108 W Virginia Ave, Unit Bessemer City Bessemer City, NC 28016
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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
    108 W Virginia Ave, Unit Bessemer City Bessemer City, NC 28016
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