Property profile

114 Montgomery St Henderson, NC 27536

OFF-MARKET
Commercial real estate
Property ID
US53-4095533
2,352 SF 0.05 ac lot Built 1960
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 2,352 SF
Lot 0.05 ac (2,178 SF)
APN 0004 03004
UPID US53-4095533

Cap rate & NOI

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

Location

114 Montgomery St Henderson, NC 27536-4231
Henderson metro Census 960500 HENDERSON, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2024
Last sale
$67,500
1 recorded transaction
2024
$67,500

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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