126 Main St, Mount Gilead, NC 27306
This exceptional commercial property, located at 126 N Main St, Mount Gilead, NC 27306, presents a unique investment opportunity. The 2,700 to 14,278 square foot multi-level building, constructed in 1944, sits on a 0.09-acre lot (APN 7503-13-04-5987) in Montgomery County. Currently configured as a storefront/antique shop, the property boasts original wood floors and trim, offering an inviting, old-world charm. The basement features individually leased storage spaces, generating supplemental income. The property is zoned for city use and has a functioning elevator compliant with current regulations. According to the seller, a portion of the ground floor and the second floor could be adapted for residential use, expanding the property's versatility. This prime location on historic Main Street offers significant potential for growth and diverse uses, making it an attractive investment at an asking price of $225,000. The property's size and existing income stream make it an ideal choice for a savvy investor seeking a strong return.
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
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.