353 Harwood St, Albemarle, NC 28001-4707
This exceptional commercial property at 353 Harwood Street, Albemarle, NC, presents a unique investment opportunity. The main building, a historically significant brick structure formerly housing the Pepsi Cola Company, boasts a substantial 4900 square feet. Approximately 1450 square feet is dedicated to office space, ideal for administrative functions or a comfortable client area. The remaining space comprises a spacious warehouse, garage, and shop area, totaling 3450 square feet, perfect for storage, manufacturing, or light industrial use. A recently installed synthetic white roof significantly reduces summer heat, lowering energy costs. This section features a separate entrance, allowing for independent operation. Attached is a heated warehouse/garage/shop space of 2850 square feet. Adding to the property's versatility is an adjacent lot containing a 576 square foot garage/storage building with a convenient roll-up door. The property benefits from easy access to major roadways, including Highways 52, 24/27, and 73, ensuring excellent accessibility for both employees and clients. Recent interior and exterior painting enhances the property's aesthetic appeal, while updated bathrooms (including one with a shower) provide modern amenities. The 0.62-acre lot offers ample space for expansion or future development. This property is priced at $360,000 and represents a strong potential for a high return on investment.
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Alpha Environmental Management Environmental Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
GHBD · Albemarle, NCAlbemarle. 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.