For Sale
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Property summary
This exceptional commercial real estate opportunity encompasses a prime 1.38-acre corner lot in downtown Dallas, NC, boasting high traffic visibility. The main feature is a historic building, formerly a feed store, offering approximately 2,400 square feet on the main floor and an additional 2,400 square feet in the basement, complete with a convenient loading space. The building presents excellent curb appeal and is ready for immediate upfitting. The BP-3 zoning allows for a wide range of commercial uses. Adding to the investment potential are two additional parcels included in this sale. These parcels consist of two separately rented residential properties, generating a combined monthly rental income of $1900 ($850 and $1050 respectively). The entire property is situated on a highly visible corner lot. A larger package deal is also available, encompassing this property and two additional properties located at 411 & 417 E Trade St (1.4 acres, zoned B-1 & B3-P) and 406 E Main St (.5 acre, zoned B3-P), for a total price of $1,200,000. This expanded package presents a significant opportunity for a larger-scale commercial development. Please note that tenants currently occupy the residential properties and should not be disturbed.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Dallas market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RET01 · Dallas, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for RET01 in Dallas, NC.
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