1920 Retail Corner
66 E Main St Brevard, NC 28712
66 E Main St, Brevard, NC, 28712
$1,100,000
For Sale
$1,100,000
Built in 1920, this retail corner building includes a partially finished lower level and a recently replaced Firestone membrane roof.
Property Size5,758 SF
Price / SF$191.04
Days on Market15
Property Features for 66 E Main St
General Information
- Standard status
- Active
- Size
- 5,758 SF
Listing agency
Howard Hanna Beverly-Hanks Brevard South
(828) 553-9666
Listed by
Billy Harris · License #220801
(828) 553-9666
Source
Exprealty
Added: Jul 8 Updated: Jul 22 at 5:10AM Checked: Jul 22 at 5:10AM
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 Howard Hanna Beverly-Hanks Brevard South
Investment Insights
Based on property information with market context.
Built in 1920, this retail corner building totals 5,758 square feet and is positioned on a downtown Brevard corner at E Main St. The property includes space on the lower level that is partially finished, providing flexibility for storage, workspace, or future buildout depending on a buyer’s plans.
Owners recently completed a full roof overhaul and replacement. The roof is a Firestone membrane system with a transferable warranty (cost noted at $115,000). A public parking lot is located about a block away, supporting convenient customer access.
The current space is occupied by a month-to-month tenant. All showings require advance notice, and prospective buyers are asked not to disturb the tenant.
Owners recently completed a full roof overhaul and replacement. The roof is a Firestone membrane system with a transferable warranty (cost noted at $115,000). A public parking lot is located about a block away, supporting convenient customer access.
The current space is occupied by a month-to-month tenant. All showings require advance notice, and prospective buyers are asked not to disturb the tenant.
Key Highlights
- Commercial retail corner building on East Main Street built in 1920
- 5,758 SF of retail space in downtown Brevard
- Partially finished lower level for storage, workspace, or future buildout
Local 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 | $103.6k | $18.00 |
| − Vacancy | −$2.7k | −$0.47 |
| EGI | $100.9k | $17.53 |
| − OpEx | −$30.3k | −$5.26 |
| NOI | $70.7k | $12.27 |
5,758 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.01M
$883.3K – $1.18M
NOI $70,664 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,707 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Earth Mountain Bicycle
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Built in 1920, this retail corner building includes a partially finished lower level and a recently replaced Firestone membrane roof.
Where is this retail space located?
The property is located at 66 E Main St Brevard, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Commercial retail corner building on East Main Street built in 1920; 5,758 SF of retail space in downtown Brevard; Partially finished lower level for storage, workspace, or future buildout
