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    131 E Main St Forest City, NC 28043

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    For Sale
    $850,000

    15,359 SF building in historic downtown Forest City.

    Property Features for 131 E Main St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1929

    Source: LIKEWISE COMMERCIAL REAL ESTATE Agent STACY WHEELER

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

    Overview

    Historic Downtown Theater and Retail

    Located on Main Street in historic downtown Forest City, this 15,359 square foot building is situated in the C-1 district. Constructed in 1929, this building, formerly the Romina Theater, features vaudeville and movies. The property is currently vacant and suitable for retail, office, gallery, or event space. The main level offers 4,939 square feet, large display windows, a storage room, and a freight elevator. The upper level, accessible separately, provides space for events, galleries, or theaters. The upstairs features 19.25-foot ceilings, original hand-painted designs, a curved proscenium arch, original stamped tin tiles, and ornate lighting fixtures. Rutherford County is located in the foothills of Western North Carolina, approximately one hour from Asheville, Charlotte, and Greenville/Spartanburg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest City
    County
    Rutherford
    State
    North Carolina
    Longitude
    -81.8642432
    Latitude
    35.333919

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    FAQs

    What type of property is this?
    Storefront property - 15,359 SF building in historic downtown Forest City.
    Where is this storefront property located?
    The property is located at 131 E Main St Forest City, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Largest building in historic downtown Forest City with high visibility on Main St.; - Versatile space suitable for retail, office, gallery, or event venue.; - Upper level with IMPRESSIVE 19'3" ceilings and separate access, ideal for revenue-generating events or gallery.
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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
    131 E Main St Forest City, NC 28043
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