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    OFF-MARKET
    Investment properties

    249 Bridge St, Elkin, NC 28621

    Built 1903
    Property ID
    US53-4719698
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a nearly 3,000 square foot property nestled in Elkin's historic downtown district. Situated on a sizable 0.356-acre lot, the property boasts a four-bedroom, two-and-a-half-bathroom layout, offering significant potential for diverse uses. Currently configured as a residential home, its adaptable floor plan lends itself perfectly to conversion into a commercial space, or a combination of both residential and commercial uses. The property's prime location offers unparalleled convenience, with close proximity to the vibrant Farmer's Market, the renowned Reeves Theater, a variety of restaurants, and ample shopping opportunities. Adding to its appeal, some original hardwood floors remain, adding character and charm. The main level features a primary bedroom complete with an ensuite bathroom. This property represents a rare chance to acquire a substantial building in a thriving downtown area, ideal for savvy investors seeking a high-return opportunity or entrepreneurs looking for a unique commercial space with residential possibilities. The property's size and location make it an attractive prospect for a variety of commercial ventures, while its residential features offer flexibility and potential for additional income streams. The existing structure provides a solid foundation for renovation and adaptation to suit a wide range of business needs. This is a truly unique opportunity to own a piece of Elkin's rich history and vibrant future.

    Property profile
    Verified
    Property type Investment properties
    Year built 1903
    UPID US53-4719698
    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
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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