122 Main St Williamston, NC 27892-2472
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.
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
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
Property description
Physical attributes from public recordsZoning & alternative use
CD · Williamston, NCThis 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
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.