0 Main St Red Springs, NC 28377
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.