114 Montgomery St, Henderson, NC 27536-4231
This exceptional 0-unit commercial property, located at 114 W Montgomery St in Henderson, NC, presents a unique redevelopment opportunity for cash investors. Priced at $38,500, this land parcel offers significant potential for a variety of uses. Currently occupied by two non-usable retail buildings requiring demolition, the site is ideally positioned in the heart of downtown Henderson. Its central location makes it highly suitable for new retail establishments, commercial ventures, office spaces, or even residential development such as townhouses. The seller is highly motivated and prepared to negotiate, making this a compelling investment prospect for those seeking a blank canvas in a vibrant downtown setting. The property's address is 114 W Montgomery St, Henderson, Vance County, North Carolina, zip code 27536. The geographic coordinates are latitude 36.3277027 and longitude -78.4029561. This is a rare chance to acquire a strategically located parcel in a growing area, ready for a complete transformation. The existing structures are not suitable for continued use and will require demolition prior to any new construction. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.