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    Main St Red Springs, NC 28377

    Sponsored
    For Sale
    $149,900

    Prime Red Springs location, 3,276 sq ft lot

    Property size:
    3,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial property, located in the heart of downtown Red Springs, North Carolina, presents a unique investment opportunity. Situated on a 9,268 square foot rectangular lot at 0 N Main Street (NC Hwy 71, 211, and 710), this property boasts over 100 years of history. The existing 3,276 square foot solid masonry structure, while showing its age, benefits from a high-traffic location with steady vehicular flow throughout the day and night. The lot measures approximately 66.75 linear feet along Main Street and extends 137.50 linear feet to a 20-foot paved alley, providing convenient access to a large parking lot adjacent to the nearby fire station. This presents significant potential for redevelopment or repurposing. Note that adjacent properties to the south are also available for purchase, offering the possibility of expanding the property to over 200 linear feet of Main Street frontage. The asking price for this property is $149,900.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Square Feet
    3,276 SF

    HighLights

    • $149,900 asking price.
    • 3,276 SF special purpose land in Red Springs, NC.
    • Located on Main Street (NC Hwy 71, 211, and 710) with high daily traffic.
    • 9,268 SF lot, approximately 66.75' of Main Street frontage.
    • Adjacent to fire station with access to large parking lot via a 20' paved alley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Red Springs
    County
    Robeson
    State
    North Carolina
    Longitude
    -79.181699
    Latitude
    34.8171553

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Red Springs location, 3,276 sq ft lot
    Where is this land located?
    The property is located at Main St Red Springs, NC.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: $149,900 asking price.; 3,276 SF special purpose land in Red Springs, NC.; Located on Main Street (NC Hwy 71, 211, and 710) with high daily traffic.
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    Main St Red Springs, NC 28377
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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
    Main St Red Springs, NC 28377
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