Property profile

214 E Trade St Dallas, NC 28034

FOR SALE
Retail space
Property ID
US53-1441253
4,800 SF 0.79 ac lot Built 1947
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Total area 4,800 SF
Lot 0.79 ac (34,412 SF)
Zoning code RET01
APN 131895
UPID US53-1441253

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

214 E Trade St Dallas, NC 28034
Dallas metro Census 30901 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2022
Last sale
$1.3M
4 recorded transactions
2024
Price N/A
2022
Price N/A
2021
$230,000
2004
$157,000

Zoning & alternative use

RET01 · Dallas, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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