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Property profile & analytics
OFF-MARKET Estimated value $595,000
Turn key restaurants

135 Main St Albemarle, NC 28001-4815

6,130 SF 0.07 ac lot Built 1913
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-5648821
Property summary
AI-generated overview

This exceptional three-story commercial property, located at 135 & 141 W. Main St. in the heart of downtown Albemarle, North Carolina, offers 10,340 square feet of versatile space ideal for a variety of uses. Built in 1913, this single-tenant building sits on a 0.07-acre lot and features a well-established layout perfect for a restaurant or similar business. The main floor, previously a restaurant, boasts a fully equipped kitchen, ready for immediate occupancy. The second floor presents a significant opportunity for expansion, potentially as an event space or a unique speakeasy concept. A full basement provides ample storage. The property's address is 135 W Main St, Albemarle, NC 28001, with the APN 6548-03-24-4590 in Stanly County. This is a rare chance to acquire a substantial, historically significant building in a thriving downtown area. The property's size and layout offer significant potential for a creative and successful business venture. The building's three stories provide ample space for various uses, and its central location ensures high visibility and accessibility. This is a turnkey opportunity for a restaurant or other commercial enterprise seeking a unique and established location in Albemarle.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1913
Total area 6,130 SF
Lot 0.07 ac (3,049 SF)
Zoning code CBD
APN 654803244590
UPID US53-5648821
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
Current use
Occupant on record · Public records
  • Tiffany's At The Boardroom Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
West Main Property Holdings LLC · 3 yrs held
West Main Property Holdings LLC
since 2023
Last sale
$605,000
3 recorded transactions
2023
$605,000
2018
$412,000
2006
$564,000
Zoning & alternative use
CBD · Albemarle, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ral provisions 92.038 Prohibited signs 92.039 Permit required 92.040 Signs not requiring permits 92.041 Signs permitted in residential districts (R10, R8, R6, R0) 92.042 Signs permitted in the Central Business District (CBD, R4) 92.043 Signs permitted in commercial and industrial districts (GHBD, HMD, MUSCD, NBD, NSD, SCD, LID, HID, I-O) 92.044 Nonconforming…

Zone name Central Business District
General category CIVIC_INSTITUTIONAL
Zone area 131.61 ac
Source CHAPTER 92: ZONING REGULATIONS
Top alternative use upside
Commercial (general) $755,000 +9.1%
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