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    Property profile & analytics
    OFF-MARKET
    Retail space

    231 Scales St, Reidsville, NC 27320-3835

    5,704 SF 0.09 ac lot Built 1927
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-0369294
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1927
    Total area 5,704 SF
    Lot 0.09 ac (3,880 SF)
    Zoning code CENTRAL BUSINESS REIDS
    APN 8905-18-40-5341-00
    UPID US53-0369294
    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
    Project Lost Sheep INC · 1 yrs held
    Project Lost Sheep INC
    since 2025
    Last sale
    $190,000
    2 recorded transactions
    2025
    $190,000
    2015
    Zoning & alternative use
    CENTRAL BUSINESS REIDS · Reidsville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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