Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
(G) Central business district (CB and CB-CD) ................................................... III-4 (H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General busi…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-B · Norwood, NC(G) Central business district (CB and CB-CD) ................................................... III-4 (H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General busi…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
(G) Central business district (CB and CB-CD) ................................................... III-4 (H) Highway business district (HB and HB-CD) ................................................. III-5 (I) General busi…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-B in Norwood, NC.
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