103 Holland St, Dallas, NC 28034-1601

This exceptional mixed-use investment opportunity in downtown Dallas, North Carolina, presents a compelling proposition for both seasoned investors and developers. Located on a half-acre lot designated as "Town Square," this property offers significant redevelopment potential within the Charlotte metro area. The property comprises two buildings, totaling between 2,000 and 5,000 square feet, constructed in 1900 and renovated in 1966. Currently, the property generates a net operating income (NOI) of $30,000, yielding a 4.62% cap rate, with an asking price of $650,000. The property features two units, currently occupied by a residential tenant and a restaurant operating under a lease with a remaining option period. This presents a unique opportunity to acquire "in-place" income while planning for future development. The strategic location on the town square, coupled with the availability of adjacent parcels (including a town-owned parcel and a parcel for sale by Preservation NC), allows for expansion and enhancement of the property. All utilities are available on-site. The property's Class C designation reflects its potential for significant value appreciation through strategic redevelopment. Owner financing may be considered with a suitable down payment and offer. This is a rare chance to capitalize on the growth trajectory of Dallas, NC, while enjoying immediate income generation. APN: 132106.