Flex Space with Showroom and
For Sale
$525,000
1358 W Main Street, Forest City, NC 28043
Direct West Main Street frontage pairs retail/showroom space with a rear warehouse featuring four bay doors and 15-foot ceilings.
Property Size4,536 SF
Price / SF$115.74
Days on Market11
Property Features for 1358 W Main Street
General Information
Standard status
Active
Size
4,536 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
15 ft
Multifamily Units
1
Amenities
Central air
Ductless Cooling
Ductless Heating
Parking Lot
Paved
Building Details
Year Built
1946
Listing Agency:
KELLER WILLIAMS MTN PARTNERS, LLC
(828) 290-1000
Listed By:
BRENT CROWELL · License #253602
Source:
Corcoran
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 30 at 6:09AM
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 MTN PARTNERS, LLC
Investment Insights
Based on property information with market context.
This for-sale flex property combines approximately 1,088 square feet of retail, showroom, or office space with direct frontage on West Main Street. The front area includes large display windows and visibility for customer-facing use, with additional space behind for operational needs.
Behind the showroom is approximately 2,080 square feet of warehouse space with four bay doors and 15-foot ceilings. The building also includes a 1,368-square-foot apartment, which offers versatility for owner-occupants or other uses.
The property is located along a busy commercial corridor with strong road frontage and traffic exposure, providing convenient access to downtown Forest City and US-74. The overall layout supports businesses seeking both public-facing space and back-of-house functionality in one location.
Behind the showroom is approximately 2,080 square feet of warehouse space with four bay doors and 15-foot ceilings. The building also includes a 1,368-square-foot apartment, which offers versatility for owner-occupants or other uses.
The property is located along a busy commercial corridor with strong road frontage and traffic exposure, providing convenient access to downtown Forest City and US-74. The overall layout supports businesses seeking both public-facing space and back-of-house functionality in one location.
Key Highlights
- Year built 1946 commercial property with direct West Main Street frontage in Forest City, NC.
- Approximately 1,088 SF retail/showroom/office with large display windows and direct street frontage.
- Rear warehouse space totals approximately 2,080 SF with four bay doors and 15‑foot ceilings.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $14.40 |
| − Vacancy | −$1.2k | −$0.27 |
| EGI | $64.1k | $14.13 |
| − OpEx | −$19.2k | −$4.24 |
| NOI | $44.9k | $9.89 |
4,536 SF · lease $14.40/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$640.8K
$560.7K – $747.6K
NOI $44,854 @ 7.0% cap · market cap 8.54%
Second Best
Flex RnD
$520.4K
$455.4K – $607.1K
NOI $36,428 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.00M
$875.3K – $1.17M
NOI $70,021 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28043, NC
20,183
Population
9,356
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
84%
High-School Grad
66.3 sq mi
ZIP Area
304
Density / Sq Mi
$41,746
Median Household Income
$29,909
Median Earnings
$744
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Direct West Main Street frontage pairs retail/showroom space with a rear warehouse featuring four bay doors and 15-foot ceilings.
Where is this flex space located?
The property is located at 1358 W Main Street Forest City, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Year built 1946 commercial property with direct West Main Street frontage in Forest City, NC.; Approximately 1,088 SF retail/showroom/office with large display windows and direct street frontage.; Rear warehouse space totals approximately 2,080 SF with four bay doors and 15‑foot ceilings.
