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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    106 Main St, Norwood, NC 28128

    8,652 SF 0.22 ac lot Built 1901
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1179779
    Property summary
    AI-generated overview

    This exceptional 7,000 square foot commercial property, situated on a 0.36-acre lot at 106 S Main Street in the heart of Norwood, NC, presents a unique investment opportunity. The building boasts three separate entrances, offering flexibility for various business configurations. Original wooden floors and a vintage freight elevator add character and charm, reflecting the building's rich history. Large showcase windows provide excellent street visibility, capitalizing on the high foot traffic generated by nearby popular establishments such as Reservoir Coffee and Lantern Sushi, as well as the proximity to Lake Tillery. This prime location is ideal for a diverse range of businesses, including retail spaces, office suites, residential apartments, or creative studios. The substantial square footage allows for the possibility of subdividing the space to accommodate multiple tenants or distinct business functions. The property's versatility and central location within Norwood's vibrant downtown area make it an exceptional investment prospect with significant potential for growth and return. This is a rare chance to acquire a piece of Norwood's history and shape its future. The property is offered at $550,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1901
    Total area 8,652 SF
    Lot 0.22 ac (9,583 SF)
    Zoning code C-B
    APN 656302587841
    UPID US53-1179779
    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
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Robin H Davis · 4 yrs held
    Robin H Davis
    since 2021
    Last sale
    $140,000
    2 recorded transactions
    2021
    $140,000
    2011
    Zoning & alternative use
    C-B · Norwood, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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