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Property profile & analytics
OFF-MARKET Estimated value $55,000
Office buildings

122 Main St Williamston, NC 27892-2472

0.08 ac lot
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-4619673
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a unique chance to acquire three parcels totaling 20,000-22,000 square feet in downtown Williamston, North Carolina. The property comprises two buildings, constructed in 1917 and 1925, totaling 16,900 square feet and featuring 18-22 foot ceilings. Recently renovated in 2023 with a new insulated roof, these buildings are currently vacant, offering a blank canvas for a variety of uses. The permitted CD zoning allows for diverse development options, including hotel, multifamily, school, or mixed-use residential projects. Ample parking is available behind the buildings, with room for expansion. The asking price of $239,000 includes all three parcels, presenting a compelling investment opportunity in a growing area. The property's prime location offers proximity to various amenities, including Martin Community College (2.8 miles), Pitt Community College (40 miles), Nags Head Beach (92 miles), and numerous hotels, restaurants, and medical centers. The seller is motivated and will consider selling the buildings individually. This is a rare chance to shape the future of downtown Williamston and create a thriving destination for the surrounding counties. The property is classified as Class C, with a distressed sale condition.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.08 ac (3,485 SF)
Zoning code CD
APN 500132
UPID US53-4619673
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k
Owner & transaction history
John M Doehler · 3 yrs held
John M Doehler
since 2022
Last sale
$49,500
4 recorded transactions
2022
$49,500
2022
$500
2007
$75,000
2007
Price N/A
Zoning & alternative use
CD · Williamston, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This is the central business district which provides retailing, personal services and office space for local and regional commercial activities, The regulations are designed to permit a concentrated development of permitted facilities and to protect the district itself from over intensive development and congestion

Zone name Downtown Commercial
General category COMMERCIAL
Zone area 53.19 ac
Source Realmo
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