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    OFF-MARKET
    Investment properties

    115 Central Ave, Locust, NC 28097-7121

    1,456 SF 0.56 ac lot Built 1945
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1198805
    Property summary
    AI-generated overview

    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
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1945
    Total area 1,456 SF
    Lot 0.56 ac (24,394 SF)
    Zoning code CC
    APN 557503432264
    UPID US53-1198805
    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
    • Morton & Griffin Law Firm, PLLC Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Saldana Properties LLC · 1 yrs held
    Saldana Properties LLC
    since 2025
    Last sale
    $340,000
    1 recorded transaction
    2025
    $340,000
    Zoning & alternative use
    CC · Locust, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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