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1434 E Main Street

Albemarle, NC 28001
  • $1,400,000
  • STATUS: Active
  • ON SITE: 321 days
  • ID#: 3653176
UPDATED: 12 min ago
$1,400,000
  • 0
    BEDS
  • 2.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Offered by Northgroup Real Estate, Inc.. Copyright 2021 Canopy MLS. All rights reserved.

Description

Smart investment: Class B- to C+ strip mall, 62,000 square feet, with 12 lane bowling alley, less than 2 miles from a brand new graduate level college campus (like, this week brandnew), within one mile of a brand new 88 unit multi-family build (like, not finished yet brand new), and the strip mall is on the "main street" of a downtown that is experiencing revitalization. The area has scored hundreds of jobs with manufacturers (not just start ups, but 100+ year old companies that pay 140% or more of current wages) and tens of millions of dollars of investment. The publically maintained street just got repaved. This is the time to strike. Pro forma: IRR 18% NPV $7,197,050.88 Caprate 6.5% NOI 124,000

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Based on information submitted to the MLS GRID as of 2021-08-05T08:58:47.183 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Mossy Oak Properties Land and Luxury nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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1434 E Main Street Albemarle, NC 28001

  • Price: $1,400,000
  • Status: Active
  • Updated: 12 min ago
  • ID#: 3653176
0
Beds
0
Baths
0
½ Baths
2.3
Acres
1960
Built
Neighborhood:
Albemarle
County:
Stanly
Area:
Albemarle
Property Description
Smart investment: Class B- to C+ strip mall, 62,000 square feet, with 12 lane bowling alley, less than 2 miles from a brand new graduate level college campus (like, this week brandnew), within one mile of a brand new 88 unit multi-family build (like, not finished yet brand new), and the strip mall is on the "main street" of a downtown that is experiencing revitalization. The area has scored hundreds of jobs with manufacturers (not just start ups, but 100+ year old companies that pay 140% or more of current wages) and tens of millions of dollars of investment. The publically maintained street just got repaved. This is the time to strike. Pro forma: IRR 18% NPV $7,197,050.88 Caprate 6.5% NOI 124,000
Exterior Features

Elevation 1000 Flood Plain No Other Parking Large Parking Lot Road Frontage Type City Street Road Responsibility Public Maintained Road Roof See Remarks Waterfront Features None

Interior Features

Accessibility Features 2 Or More Access ExitsEntry Slope Less Than 1 FootExterior Curb CutsHall Width 36 Inches Or MoreHandicap ParkingMobility Friendly FlooringNo Interior StepsVehicle Transfer AreaOther Cooling Other Flooring ConcreteSee Remarks Foundation Details BasementBasement Fully FinishedBasement Garage DoorBasement Inside EntranceBasement Outside EntranceBlockSlabSlab Heating Other Stories Total 3 Utilities Other

Property Features

CCRSubject To Undiscovered Commercial Location Description General Business DistrictOffice CenterShopping CenterOther Construction Status Complete HOASubject To None Inclusions BuildingEquipmentFixturesLandOther Inside City YN Yes Listing Terms CashConventionalGround LeaseLease PurchaseLease PurchaseLease OptionOwc 1StOwc 2NdOther Miscellaneous Delivery DoorDisplay WindowFront ElevationHandicap AccessLoading DockReception AreaStorage ShedOther New Construction YN No Possible Use CommercialIndustryMulti-FamilyOther Property Sub Type Commercial Restrictions N/A Restrictions Description Na Special Listing Conditions None Structure Type Retail Center Tax Assessed Value 502301 Transaction Type For Sale Or Lease Zoning Description Ghbd



Based on information submitted to the MLS GRID as of 2021-08-05T08:58:47.183 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Mossy Oak Properties Land and Luxury nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

Digital Millennium Copyright Act
 
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Mossy Oak Properties Land and Luxury
114 Morlake Drive Suite 103
Mooresville NC, 28117
Offered by Northgroup Real Estate, Inc.. Copyright 2021 Canopy MLS. All rights reserved.