1604 Church St, Cherryville, NC 28021-9174
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.
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
RET01 · Cherryville, NCCherryville. Always verify with local authorities before improvements.
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.