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1054 E Main St Washington, NC 27889

Retail properties & Spaces Google Maps
2,640 SF 0.27 ac lot Built 1967
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$270k
Range $243k – $297k (±10%)
Property ID US53-4623739

Property summary

AI-generated overview

This exceptional commercial property, located at 1054 E MAIN Street in the heart of Washington, NC, presents a unique investment opportunity. Boasting 2,640 square feet of versatile space, this general commercial building sits on a sizable 0.27-acre lot, offering ample room for expansion or outdoor use. The property's prime location on East Main Street ensures high visibility and accessibility, making it ideal for a wide range of businesses. The asking price of $625,000 reflects the property's significant potential and strong location within the vibrant Washington, NC community. The building's substantial square footage allows for flexible configurations to suit diverse business needs, from retail to office space, or a combination thereof. Its central location provides easy access to local amenities, transportation routes, and a thriving customer base. This is a rare opportunity to acquire a well-situated commercial property in a desirable North Carolina town, offering excellent potential for growth and return on investment. Serious inquiries are encouraged to explore the possibilities this property presents. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to secure a prominent commercial presence in Washington, NC.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1967
Total area 2,640 SF
Lot 0.27 ac (11,761 SF)
APN 5685-36-4017
UPID US53-4623739

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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