Property profile

390 Main St Chimney Rock, NC 28720

OFF-MARKET
Commercial real estate
Property ID
US53-3145932
1,648 SF 0.12 ac lot Built 2001
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,200 square foot retail property, located at 390 Main St in Chimney Rock, NC, presents a prime redevelopment opportunity. The three-story building, constructed in 2001, sits on a 0.12-acre lot (APN 224762) and is zoned TB. Currently vacant, the property was formerly a restaurant and offers versatile potential for various uses, including a food hall, brewery, or retail mall. Its prime downtown location, just 200 feet from the state park entrance, provides exceptional visibility and foot traffic. Enjoy stunning views from the building's balcony overlooking Main Street. The 2023 AADT is estimated at 3700 vehicles. All existing fixtures, furniture, and equipment (FF&E) are included in the sale price of $787,500. The property is being sold "as is," with no repairs to be made by the seller. This is a unique chance to acquire a substantial building in a thriving location with significant redevelopment potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Total area 1,648 SF
Lot 0.12 ac (5,227 SF)
APN 224762
UPID US53-3145932

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

390 Main St Chimney Rock, NC 28720
Chimney Rock metro Census 960301 FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2021
$425,000
2020
$519,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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