1401 Main St Albemarle, NC 28001
- Commercial real estate
- 0.56 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1401 Main St
- Year built
- 1946
- Lot size
- 0.56 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property presents a fantastic investment opportunity in the heart of Albemarle, NC. Located at 1401/1407 E Main Street, this prominent site boasts over 198 feet of road frontage on a highly visible section of East Main Street. The main building, approximately 5289 square feet, has a rich history as a restaurant since the mid-1940s and is currently tenant-occupied. The existing tenant's restaurant business and equipment may be available for purchase separately, offering a turnkey operation for a prospective buyer. The property's versatility extends beyond restaurant use, presenting numerous possibilities for other commercial ventures. An additional 1413 square feet of commercial space is available at 1401 E Main Street, previously utilized as retail space. This brings the total square footage to 6702. The property sits on a 0.56-acre lot, offering ample space and potential for expansion or outdoor amenities. Its strategic location provides easy access to the Pfeiffer University Health Science Center, downtown Albemarle shopping, major roadways (US 24/27), and the recreational attractions of the Uwharrie Mountains and Morrow Mountain State Park. This is a rare chance to acquire a well-established, high-traffic commercial property with significant potential for growth and return on investment. The asking price for the building is $499,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albemarle
- County
- Stanly
- State
- North Carolina
- Longitude
- -80.1763
- Latitude
- 35.3522
