123 N Main St, Warrenton, NC 27589
For Sale
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This exceptional mixed-use property, located at 123 S Main Street Unit 123 in the heart of historic downtown Warrenton, North Carolina, presents a unique investment opportunity. Situated on a 0.11-acre lot, this 6,516 square foot building is part of "The Red Brick Store," the oldest structure on Main Street, dating back to 1835, and sits adjacent to the Courthouse. The property boasts stunning hardwood floors, a testament to its rich history. While requiring significant renovations, the immense potential is undeniable. Proposed plans, subject to town approval, envision a thoughtfully designed layout incorporating four bedrooms and two commercial spaces, perfectly suited for a blend of residential and retail or office uses. The building's historical significance opens the door to the utilization of Historical Tax Credits, offering substantial financial incentives for the right developer. This is a rare chance to own a piece of Warrenton's heritage and capitalize on its vibrant downtown area. The property's central location and unique character make it an ideal investment for those seeking a high-return project with significant historical value. The existing structure provides a solid foundation for a creative and profitable venture.
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Sharp Edges Landscaping
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
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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.