201 Morgan St Wadesboro, NC 28170-2683
Exceptional investment opportunity awaits with this substantial 20,609-square-foot office building situated in downtown Wadesboro, North Carolina. This four-story, 1926-built structure, located at 201 W Morgan St (APN 6474-15-64-9011), sits on a 0.23-acre lot and is zoned CB. Priced aggressively at $399,900 ($19.40/sq ft), this property presents significant upside. The main floor and basement have undergone partial renovations, while the upper floors offer a blank canvas for customization. While the building shows evidence of past water damage (interior walls on the right side and a prior roof leak on the top floor), the roof has since been inspected and repaired. Potential buyers should independently verify the current condition and consult with the Town of Wadesboro regarding zoning compliance and any necessary upgrades for their intended use. The building's size allows for diverse uses, from a single large tenant to multiple smaller tenants. This presents a unique chance to acquire a substantial commercial property in a prime location at a remarkably low price per square foot. The property's potential is undeniable, making it an attractive proposition for savvy investors.
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ILT Financial Consultants Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2018Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.