Storefront Building with Two
For Sale
$500,000
2303 E Main St, Lincolnton, NC 28092
Open interior and existing restroom plumbing support a tailored commercial buildout.
Property Size3,160 SF
Price / SF$158.23
Days on Market49
Property Features for 2303 E Main St
General Information
Standard status
Active
Size
3,160 SF
Building Details
Year Built
1929
Listing Agency:
RE/MAX Lifestyle
Listed By:
Janet Cox · License #192231
(704) 764-1909
Source:
Lewisandkirk
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 30 at 3:58PM
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 RE/MAX Lifestyle
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Investment Insights
Based on property information with market context.
Located at 2303 E Main Street in Lincolnton, this 3,133-square-foot storefront building was constructed in 1929 and offers a largely unfinished interior for a customized buildout. Plumbing is installed for two bathrooms, and separate front access points support flexible planning for one occupant or multiple commercial users.
The property sits at a signalized intersection along an established business corridor. 2024 NCDOT counts report 27,500+ average annual daily traffic, while on-site unmarked parking serves the building. The space is identified as suitable for retail, food service, professional office, fitness or wellness, creative studio, and service-oriented uses.
The property sits at a signalized intersection along an established business corridor. 2024 NCDOT counts report 27,500+ average annual daily traffic, while on-site unmarked parking serves the building. The space is identified as suitable for retail, food service, professional office, fitness or wellness, creative studio, and service-oriented uses.
Key Highlights
- 3,133 SF storefront building at 2303 E Main Street, Lincolnton, NC 28092
- 27,500+ average annual daily traffic based on 2024 NCDOT counts
- Signalized intersection within an established Lincolnton business corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,794
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,880
$775.9K
Cap Rate 7%
$554,200
$554.2K
Cap Rate 9%
$431,044
$431.0K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$59.9K $18.96/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$55.4K $17.54/SF
− OpEx
−$16.6K −$5.26/SF
NOI
$38.8K $12.28/SF
Area
Lincoln County, NC
Vacancy
7.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,880
Cap Rate 7%
$554,200
Cap Rate 9%
$431,044
Alternative Uses
Best Use
Retail
$554.2K
$484.9K – $646.6K
NOI $38,794 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.6K
$870.3K – $1.16M
NOI $69,621 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 28092, NC
38,719
Population
17,332
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
119.9 sq mi
ZIP Area
323
Density / Sq Mi
$62,625
Median Household Income
$41,155
Median Earnings
$937
Median Rent
$220,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Open interior and existing restroom plumbing support a tailored commercial buildout.
Where is this storefront property located?
The property is located at 2303 E Main St Lincolnton, NC.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,133 SF storefront building at 2303 E Main Street, Lincolnton, NC 28092; 27,500+ average annual daily traffic based on 2024 NCDOT counts; Signalized intersection within an established Lincolnton business corridor
