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    OFF-MARKET
    Retail space

    214 Trade St, Dallas, NC 28034-1749

    4,800 SF 0.79 ac lot Built 1947
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US53-1441253
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Alice B Smith · 3 yrs held
    Alice B Smith
    since 2022
    Last sale
    $1.3M
    4 recorded transactions
    2024
    2022
    2021
    $230,000
    2004
    $157,000
    Zoning & alternative use
    RET01 · Dallas, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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