00 Henson St Albemarle, NC 28001
- Commercial real estate
- 1.85 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 00 Henson St
- Lot size
- 1.85 lot acres
- Property type
- Commercial real estate
Description
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.
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
- -80.1729
- Latitude
- 35.3472
