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    FOR SALE
    Auto shops

    429 E Main St, Spindale, NC 28160

    3,600 SF 0.28 ac lot Built 1940
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2674091
    Property summary
    AI-generated overview

    This exceptional 0.69-acre commercial property at 429 E Main Street, Spindale, NC, presents a unique investment opportunity priced at $260,000. Currently operating as an auto repair shop, the property's versatility allows for a multitude of uses. Imagine a thriving multi-business complex or a complete redevelopment project tailored to Spindale's growing community. The existing structure features three workshop bays, perfect for mechanics or similar trades, complemented by two separate offices, two restrooms, and several storage rooms. A secure, fenced perimeter with a gated entrance and a separate building entrance enhances both security and functionality. Its prime location on Hwy 74 Bus and the intersection of Oakland Rd ensures high visibility and easy access. The property's proximity to the Thermal Belt Rail Trail adds to its appeal, offering potential for synergy with recreational activities. This strategic location makes it an ideal site for a strip mall or other commercial development catering to the local community's needs. The high visibility and strategic location make this a rare opportunity for entrepreneurs and developers seeking a prominent presence in Spindale. Don't miss this chance to acquire a valuable commercial asset in a thriving area.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1940
    Total area 3,600 SF
    Lot 0.28 ac (12,197 SF)
    Zoning code GC
    APN 1204051
    UPID US53-2674091
    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
    Current use
    Occupant on record · Public records
    • Werner's Auto Sales Car Dealership
    • Spindale Automotive LLC Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    JOHN W YELTON
    JOHN W YELTON
    Zoning & alternative use
    GC · Spindale, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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