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Property profile & analytics
OFF-MARKET
Investment properties

110 Virginia Ave Bessemer City, NC 28016-2373

4,795 SF 0.08 ac lot Built 1900
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US53-1890038
Property summary
AI-generated overview

This exceptional $300,000 retail property, located at 110 W Virginia Ave in Bessemer City, NC (APN 120803, zip code 28016), presents a unique investment opportunity. The historic structure offers a versatile space ideal for a variety of uses, including event space or streetfront office space. Its prime location offers significant advantages. The property enjoys excellent visibility and accessibility, situated conveniently across the street from the Osage Mill Project and in close proximity to Centennial Park. This high-traffic area provides ample opportunity to reach a diverse customer base. The building's rich history adds character and charm, making it an attractive option for businesses seeking a unique and memorable space. The possibilities are truly endless for entrepreneurs looking to establish a presence in the revitalizing downtown Bessemer City area. This is a rare chance to own a piece of Bessemer City's vibrant history and contribute to its continued growth and development. The property's strategic location and adaptable space make it an exceptional investment with significant upside potential.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 4,795 SF
Lot 0.08 ac (3,485 SF)
Zoning code OFF02
APN 120803
UPID US53-1890038
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
Current use
Occupant on record · Public records
  • Kincaid Smith Guffey Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
The City Of Bessemer City · 2 yrs held
The City Of Bessemer City
since 2023
Last sale
$250,000
2 recorded transactions
2023
$250,000
2005
Price N/A
Zoning & alternative use
OFF02 · Bessemer City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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