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    Property profile & analytics
    OFF-MARKET
    Retail space

    227 Scales St, Reidsville, NC 27320-3835

    13,524 SF 0.24 ac lot Built 1920
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-5271963
    Property summary
    AI-generated overview

    This exceptional downtown Reidsville retail property at 227 Scales Street presents a unique investment opportunity. The building offers approximately 18,000 square feet of adaptable space, less than a block from the Farmers Market, providing excellent visibility and foot traffic. The main area comprises a substantial 6,000-square-foot open space with impressive two-story ceilings, perfect for a variety of retail concepts. A hidden grand staircase leads to a mezzanine level and a large lower area, accessible via a separate rear entrance. This dual-access feature allows for potential expansion or the operation of two distinct businesses. The lower level offers significant additional commercial space. Adding to the property's appeal is a separate, finished 1,700-square-foot apartment currently under lease, generating additional income. The property's versatility makes it suitable for a wide range of uses, including warehouse space, a consignment or vendor store, a furniture showroom, or other retail ventures. The asking price is $374,900, with the seller open to leasing the property for $2,900 per month. This is a rare chance to acquire a substantial and well-located commercial property in a thriving downtown area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1920
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,524 SF
    Lot 0.24 ac (10,310 SF)
    Zoning code CENTRAL BUSINESS REIDS
    APN 8905-18-40-5326-00
    UPID US53-5271963
    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
    Hargett & Hargett LLC · 5 yrs held
    Hargett & Hargett LLC
    since 2020
    Last sale
    $235,000
    3 recorded transactions
    2020
    $235,000
    2020
    2015
    Zoning & alternative use
    CENTRAL BUSINESS REIDS · Reidsville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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