Historic Bostic Office Building For
157 N Main Street Bostic, NC 28018
157 N Main Street, Bostic, NC, 28018
$449,900
For Sale
$449,900
Remodeled historic brick office building in the heart of Bostic.
Property Size3,420 SF
Price / SF$131.55
Days on Market225
Property Features for 157 N Main Street
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1897
Listing Agency
ATLAS PROPERTY SYSTEMS, INC.
(828) 447-3634
Listed by
JEFFREY AIELLO · License #239381
Source
Corcoran
Added: Dec 5, 2025 Checked: Jul 17 at 2:58 am
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 ATLAS PROPERTY SYSTEMS, INC.
Investment Insights
Based on property information with market context.
This remodeled historic brick office building, constructed by the Washburn family in 1897, is located in the heart of Bostic. The property has been restored over the last 20 years. The interior features over 165 feet of hand-painted mural art by local artist Clive Haynes, depicting historic Bostic in the 1940s. Original heartwood pine floors are present upstairs, complemented by full thickness oak wall panels and handcrafted oak window trim. New windows are scheduled for completion in late 2025. Modernization upgrades include electrical, plumbing, and structural improvements. The building is wired for high-speed fiber-optic internet. LED lighting is installed throughout, and a security camera system is included. The roof is standing seam metal with a 40-year warranty, installed in 2020 along with new trusses and attic insulation at a cost exceeding $100,000. Exterior features include an attached carport (45'x25') and a large detached garage/warehouse building (67'x30'). A large, partially fenced-in paved parking lot area is also present. The property size is 3420 square feet.
Key Highlights
- Lovingly restored
Local Financial Insights For Office B
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 | $61.6k | $18.00 |
| − Vacancy | −$13.9k | −$4.07 |
| EGI | $47.6k | $13.93 |
| − OpEx | −$11.9k | −$3.48 |
| NOI | $35.7k | $10.45 |
3,420 SF · lease $18.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$510.5K
$446.7K – $595.6K
NOI $35,736 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.2K
$659.9K – $879.9K
NOI $52,794 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Remodeled historic brick office building in the heart of Bostic.
Where is this office building located?
The property is located at 157 N Main Street Bostic, NC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Lovingly restored
