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    1434 E Main Street

    Albemarle, NC 28001
    • $1,400,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 3653176
    UPDATED: 38 min ago
    $1,400,000
    • 0
      BEDS
    • 2.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    Offered by Northgroup Real Estate, Inc.. Copyright 2020 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 2020-10-23T22:59:08.74 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 Robert Greene Real Estate, Inc 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. © 2020 Canopy MLS.

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    1434 E Main Street Albemarle, NC 28001

    • Price: $1,400,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: 3653176
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.3
    Acres
    1960
    Built
    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 Other Parking Large Parking Lot Road Frontage Type City Street 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

    Inclusions BuildingEquipmentFixturesLandOther Listing Terms CashConventionalGround LeaseLease PurchaseLease PurchaseLease OptionOwc 1StOwc 2NdOther New Construction YN No Property Sub Type Commercial Special Listing Conditions None Structure Type Retail Center Tax Assessed Value 502301



    Based on information submitted to the MLS GRID as of 2020-10-23T22:59:08.74 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 Robert Greene Real Estate, Inc 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. © 2020 Canopy MLS.

    Digital Millennium Copyright Act
     
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    Robert Greene Real Estate, Inc
    132 Allendale Drive
    Forest City NC, 28043
    Offered by Northgroup Real Estate, Inc.. Copyright 2020 Canopy MLS. All rights reserved.