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    OFF-MARKET
    Retail properties & Spaces

    126 Main St, Mount Gilead, NC 27306

    2,700 SF 0.09 ac lot Built 1944
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1944
    Total area 2,700 SF
    Lot 0.09 ac (3,920 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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