302 Main St King, NC 27021-9032

Property Details for 302 Main St

Year built

1997

Lot size

0.33 lot acres

Property size

2,400 SF

Zone code

B-2

Property type

Commercial real estate

APN

599216828689

APU

599216828689

Description

This exceptional mixed-use property, located at 302 S Main St, King, NC 27021, presents a lucrative investment opportunity. The 2,640 square foot property, situated on a 0.51-acre lot (APN 23623), comprises two buildings constructed in 2001. Currently operating at 100% occupancy, the property features four units, including creative office space, a storefront, and garage/parking. The B-2 zoning allows for a variety of uses. Two loading docks enhance functionality. The current owner occupies a portion of the space (three offices and warehouse space), generating income from three other tenants. One office tenant pays $500 per month, and an additional 300 square foot building on the paved lot brings in $1000 per month. The asking price is $425,000 ($160.98/sq ft). This stabilized investment offers significant potential for rental income, estimated at up to $3500 monthly, making it ideal for an owner-user or investor seeking a strong return. The property's prime location on Main Street in King, NC, ensures high visibility and accessibility. The sale includes the owner's space, which will be vacated upon sale. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location.

Location Insight

City

King

County

Stokes

State

North Carolina

Longitude

-80.3608

Latitude

36.2776

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments