231 Scales St, Reidsville, NC 27320-3835
This exceptional retail property, located at 231 S Scales Street in the heart of Reidsville, NC, presents a unique investment opportunity. Situated adjacent to the bustling Market Square, this three-level building offers over 5,000 square feet of adaptable space, perfect for a variety of commercial uses. The property boasts convenient east access and ground-level entry points from both the front and rear, ensuring easy accessibility for customers and staff. Currently occupied under a month-to-month lease, this provides immediate income potential or the flexibility to occupy the space yourself. The interior layout is highly functional, featuring multiple restrooms, ample storage rooms, dedicated office spaces, and expansive open areas that can be configured to suit diverse business needs. The building's prime location in the vibrant downtown area offers high visibility and foot traffic, making it an ideal space for a retail business seeking a strong presence in the community. The asking price is $199,900. This is a rare chance to acquire a substantial commercial property in a thriving downtown setting. Schedule a viewing today to explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CENTRAL BUSINESS REIDS · Reidsville, NCReidsville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.