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Property profile & analytics
OFF-MARKET
Commercial real estate

702 Main St Cherryville, NC 28021

Property ID
US53-1983341
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
UPID US53-1983341
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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