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    Property profile & analytics
    FOR SALE
    Retail space

    1000 Main St, Cherryville, NC 28021-3620

    7,056 SF 0.84 ac lot Built 1995
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2436234
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained, multi-tenant commercial plaza ideally situated on Main Street in Cherryville, North Carolina. Boasting 4,858 square feet on a 0.84-acre lot, the property benefits from high visibility and excellent access for customers. The plaza is currently occupied by established national tenants, providing a stable income stream and minimizing vacancy risk. Its prime location in the heart of Cherryville, a growing area within Gaston County, ensures consistent foot traffic and strong potential for future growth. The property's proximity to Charlotte (approximately 40 minutes away) further enhances its appeal, offering access to a larger regional market. This is a rare chance to acquire a well-established, income-producing retail property in a thriving community. The asking price is $700,000. Serious inquiries only. Financial statements and tenant information are available upon request, subject to a non-disclosure agreement. This property is offered as-is.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1995
    Total area 7,056 SF
    Lot 0.84 ac (36,590 SF)
    Zoning code RET01
    APN 131187
    UPID US53-2436234
    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
    AI Approach AI
    $735k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $876k
    Blend (final) Blend
    $735k
    Owner & transaction history
    Mary Louise Burton Bell · 2 yrs held
    Mary Louise Burton Bell
    since 2024
    Last sale
    $735,000
    3 recorded transactions
    2024
    2015
    $735,000
    2013
    $450,000
    Zoning & alternative use
    RET01 · Cherryville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.1M +136.2%
    Commercial (general) $865,000 +82.2%
    Restaurant $625,000 +31.2%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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