Downtown Maiden Commercial Building For
For Sale
$309,900
28 E Main St, Maiden, NC 28650
Completely rebuilt commercial building in downtown Maiden, North Carolina.
Property Size1,560 SF
Price / SF$198.65
Days on Market147
Property Features for 28 E Main St
General Information
Standard status
Active
Size
1,560 SF
Building Details
Year Built
1920
Listing Agency:
EXP Realty LLC Mooresville
Listed By:
Amanda Moncrieff
(704) 880-2258
Source:
Highperformancerea
Added: May 21
Changed: Oct 1
Last Checked: Oct 7 at 1:42PM
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 EXP Realty LLC Mooresville
Investment Insights
Based on property information with market context.
This commercial property in downtown Maiden, North Carolina, presents an opportunity for business ownership or rental income. The building, housed within a classic 1920s brick shell, has been completely rebuilt internally. It features new central HVAC, plumbing, and electrical systems, including a 400-amp panel suitable for various commercial operations. A sealed white roof, maintained annually, helps to minimize energy costs. The property includes a built-in bar, 12-foot ceilings, large display windows, and a patio suitable for outdoor dining. It is suitable for a restaurant, bar, coffee shop, cafe, or other business concepts. The property has a proven rental history. Maiden is described as a growing community. The building has a size of 1560 square feet.
Key Highlights
- Completely rebuilt interior with new HVAC, plumbing, and electrical systems.
- Prime downtown location in a growing community.
- Versatile space suitable for various commercial operations (restaurant, bar, cafe, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,852
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,040
$417.0K
Cap Rate 7%
$297,886
$297.9K
Cap Rate 9%
$231,689
$231.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$29.6K $18.96/SF
− Vacancy
−$1.8K −$1.14/SF
EGI
$27.8K $17.82/SF
− OpEx
−$7.0K −$4.46/SF
NOI
$20.9K $13.37/SF
Area
Catawba County, NC
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,040
Cap Rate 7%
$297,886
Cap Rate 9%
$231,689
Alternative Uses
Best Use
Specialty Retail
$297.9K
$260.7K – $347.5K
NOI $20,852 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.7K
$398.7K – $531.7K
NOI $31,899 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
6,979 visits/mo
0.4 miles
Demographics for 28650, NC
12,982
Population
5,390
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
48.6 sq mi
ZIP Area
267
Density / Sq Mi
$71,784
Median Household Income
$46,810
Median Earnings
$793
Median Rent
$209,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Restaurant - Completely rebuilt commercial building in downtown Maiden, North Carolina.
Where is this restaurant located?
The property is located at 28 E Main St Maiden, NC.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Completely rebuilt interior with new HVAC, plumbing, and electrical systems.; Prime downtown location in a growing community.; Versatile space suitable for various commercial operations (restaurant, bar, cafe, etc.).
