118 Montgomery St, Henderson, NC 27536-4231
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.
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.