702 Main St Cherryville, NC 28021
This exceptional 4300+ sq ft commercial property at 702 E Main Street, Cherryville, NC 28021, is offered at $342,000. Previously used as a funeral home, this Class D building presents a unique opportunity for diverse business ventures. Its permitted uses include single-family residences, office buildings, churches, medical clinics (with existing rear ramps), schools, family care homes, and small group day care centers. Further uses may be approved by the Cherryville Planning Department. The building boasts nine rooms of varying sizes, easily adaptable to various office configurations. A significant advantage is the double lot featuring a large parking area and a four-bay detached garage. The expansive space allows for potential future construction on the rear lot. Five exterior entrances provide convenient access. All existing furnishings are negotiable, including three vehicles (two Lincoln limousines and one Lincoln hearse), although their condition is unknown. The seller possesses keys and titles for all three. This property is ideally located within walking distance of Cherryville's revitalizing downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.