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    OFF-MARKET
    Commercial real estate

    00 Henson St, Albemarle, NC 28001

    1.85 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.85-acre property in Albemarle, NC, presents a unique investment opportunity with significant upside potential. Located at 00 Henson Street, the site currently features a diverse mix of existing structures, including an apartment complex at the rear and a hotel at the front. Adding to the versatility of this offering is an old Denny's building situated to the south and a residence to the north. The existing buildings offer immediate income potential, while the expansive lot size allows for a multitude of redevelopment possibilities. This property is ideally suited for an investor seeking a portfolio addition with diverse income streams or a developer looking to create a new mixed-use project. The flexible zoning allows for a wide range of uses, and interested parties are encouraged to contact the local planning and zoning department to explore potential development options and confirm permitted uses. The asking price for this remarkable property is $185,000. This represents a compelling entry point into the Albemarle commercial real estate market, offering a chance to capitalize on the area's growth and potential. The property's strategic location and diverse existing structures make it an attractive proposition for both seasoned investors and those new to commercial real estate. Don't miss this chance to acquire a truly unique and versatile property with substantial upside.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.85 ac (80,586 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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