Property profile

129 Main St Warrenton, NC 27589

OFF-MARKET
Office Spaces
Property ID
US53-4216136
3,904 SF 1 ac lot Built 1901
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional two-story commercial building, located at 129 S Main Street Unit 127/129 in Warrenton, NC, presents a unique investment opportunity. Boasting 3,932 square feet on a 0.17-acre lot, this property benefits from a prime location in the heart of Warrenton's Historic District, offering high visibility and walkability. The C-1 zoning (Downtown Business District) allows for diverse uses, enhancing its versatility. The main level is currently leased, generating immediate income. Convenient front and rear entrances on the main level ensure easy access, while a separate private entrance leads to the vacant second story. This upper level offers significant potential for conversion into office space, a residential unit, or additional business use. The building features remarkable architectural details and includes additional storage space accessible from the main level's front entrance. Ample parking is available in the rear, accessed via paved driveways off both S. Main and Front Streets, supplementing the public storefront parking. The property's deep lot provides significant space and frontage on two streets. This property is situated steps from the Courthouse Square in a thriving downtown area with a diverse mix of shops, restaurants, service providers, and mixed-use developments. Showings are by appointment only, after 4:00 pm, with 48-hour advance notice required. The property is being sold subject to existing lease(s) and tenant rights. Priced at $285,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1901
Total area 3,904 SF
Lot 1 ac (43,560 SF)
APN E6B254
UPID US53-4216136

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

129 Main St Warrenton, NC 27589-1953
Warrenton metro Census 950300
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
Last sale
$250,000
5 recorded transactions
2026
$250,000
2021
$250,000
2020
Price N/A
2020
Price N/A
2017
$115,000

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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