Property summary
This exceptional commercial property, situated on a 0.56-acre lot at 115 N Central Avenue in Locust, North Carolina, presents a unique investment opportunity. The main building, totaling 1,458 square feet, is currently configured as an art studio with classrooms, offering versatile space adaptable to various commercial uses. A significant advantage is the inclusion of a powered outbuilding, expanding the potential uses and storage capacity. The property benefits from recent upgrades, including a roof replacement completed in February 2023 and an HVAC system replacement just two years prior, minimizing immediate maintenance concerns. Its prime location on N Central Avenue offers excellent visibility and accessibility, with the added benefit of proximity to local amenities such as Mi Fuente Fresh Mexican Grill, the Police Station, the Fire Station, and other restaurants. Accessibility features include a ramp leading to a rear deck and a designated handicapped parking space. This property is ready for immediate occupancy and presents a compelling opportunity for entrepreneurs and investors seeking a well-maintained, conveniently located commercial space in the thriving Locust community. The property's versatility and recent improvements make it an attractive option for a wide range of commercial ventures.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CC · Locust, NCCC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC (CD): City Center District (Conditional District) Mixed Use HC (CD): Highway Commercial District (Conditional District) Commercial RC (RC): Regional Commercial District (Conditional) Commercial LHC (CD): Light Highway…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Locust, NC.
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