Property profile

118 Montgomery St Henderson, NC 27536

OFF-MARKET
Commercial real estate
Property ID
US53-4095547
1,700 SF 0.02 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 $38,500 investment opportunity presents two existing retail buildings located at 118 W Montgomery St, Henderson, NC 27536, in Vance County. Situated in the heart of downtown Henderson, this property offers significant redevelopment potential. The current structures are non-functional and require demolition, paving the way for a fresh start. The 0-unit property is zoned for a variety of uses, including retail, commercial, office, or residential development, such as townhouses. This prime location offers high visibility and accessibility, making it ideal for entrepreneurs and developers seeking a high-impact project. The seller is highly motivated and open to negotiations, making this a compelling opportunity for cash investors looking to capitalize on the vibrant downtown Henderson market. The property's latitude and longitude coordinates are 36.327755 and -78.402972 respectively. This is a blank canvas for a visionary project in a thriving community. Don't miss this chance to acquire a strategically located parcel with immense upside potential. Act quickly, as this motivated seller is ready to move forward.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 1,700 SF
Lot 0.02 ac (871 SF)
APN 0004 03003
UPID US53-4095547

Cap rate & NOI

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

Location

118 Montgomery St Henderson, NC 27536-4231
Henderson metro Census 960500 HENDERSON, NC MICROPOLITAN STATISTICAL AREA
Google Maps

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
2 recorded transactions
2024
$67,500
2017
$17,500

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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