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    OFF-MARKET
    Investment properties

    1604 Church St, Cherryville, NC 28021-9174

    3,600 SF 0.28 ac lot Built 1960
    Entity Owned ~ Est. High Equity
    Property ID
    US53-1861781
    Property summary
    AI-generated overview

    This exceptional commercial property at 1604/1608 Church Street in Cherryville, NC, offers a unique blend of office and retail space, totaling 4,678 square feet on a 0.48-acre lot. The main building provides ample office space, ideal for businesses of all sizes, from startups to established enterprises. Its flexible layout caters to diverse needs and allows for customization to suit specific operational requirements. A significant advantage is the inclusion of a versatile retail space, perfect for a boutique, cafe, showroom, or other retail ventures. This space benefits from high visibility and significant foot traffic due to its location in a thriving commercial district. Adding to its functionality is a full basement, offering substantial additional office space and extensive storage capacity, complemented by a convenient loading dock. For added income potential, a portion of the property is currently leased until December 31, 2024, with an option to extend the lease. This provides immediate cash flow and a stable investment opportunity. The property is priced at $499,000 and presents a compelling investment opportunity for those seeking a versatile and well-located commercial property in a growing area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1960
    Total area 3,600 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code RET01
    APN 131343
    UPID US53-1861781
    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
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Dellinger Electric LLC
    Dellinger Electric LLC
    since 2025
    2 recorded transactions
    2025
    $325,000
    2011
    Zoning & alternative use
    RET01 · Cherryville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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