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    205 S Academy St Lincolnton, NC 28092

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    For Sale
    $749,900

    Fully leased, remodeled mixed-use building with business and residential units.

    Property Features for 205 S Academy St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1920

    Source: SHIPER REALTY, LLC Agent IGOR SHIPER

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

    Overview

    Turnkey Mixed-Use Building in Lincolnton

    This mixed-use building in downtown Lincolnton presents a rare opportunity for investors, owner-operators, or business owners. The fully leased property features two business units on the main level and two residential units on the second floor. An extra parking lot accommodates 8-10 cars. The entire building was fully gutted and remodeled in 2022-2023. The upstairs units have a strong short-term rental history, and the downstairs units have leases in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carolina Elite Roofing Roofing Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.2548509
    Latitude
    35.4709792

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased, remodeled mixed-use building with business and residential units.
    Where is this mixed-use property located?
    The property is located at 205 S Academy St Lincolnton, NC.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: - Fully renovated in 2022-2023.; - Turnkey mixed-use building with commercial and residential units.; - Strong short-term rental history for residential units.
    (919) 274-3200
    Request Owner's contact information
    205 S Academy St Lincolnton, NC 28092
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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
    205 S Academy St Lincolnton, NC 28092
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