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    OFF-MARKET
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    214 Main St, Cherryville, NC 28021-3409

    2,300 SF 0.07 ac lot Built 1960
    Individually Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-0528872
    Property summary
    AI-generated overview

    This exceptional 0.07-acre commercial property, located at 214 E Main Street in Cherryville, NC, presents a unique investment opportunity. Priced at $325,000, this renovated office building offers significant potential as either a thriving small retail space or a distinctive event venue. Its prime location directly adjacent to the J. Ralph Beam, Jr. Heritage Park and behind the Chamber of Commerce ensures high visibility and convenient access for customers and patrons. The building has undergone significant renovations within the past six years, enhancing its functionality and aesthetic appeal. A key improvement includes the addition of two modern bathrooms, significantly increasing the property's usability and comfort. The square footage is not currently specified, but the property's size and location make it an ideal space for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in a desirable area with high foot traffic potential. Serious inquiries are encouraged to explore this promising investment.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1960
    Total area 2,300 SF
    Lot 0.07 ac (3,049 SF)
    Zoning code RET01
    APN 129866
    UPID US53-0528872
    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
    by Request
    Owner & transaction history
    Rosella D Johnson · 8 yrs held
    Rosella D Johnson
    since 2018
    2 recorded transactions
    2018
    $100,000
    2014
    $12,000
    Zoning & alternative use
    RET01 · Cherryville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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