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Investment Highlights

  • Downtown Location — Prime location in downtown Reidsville with strong visibility, foot traffic, and excellent storefront presence.
  • Major Upgrades Done — Newer roof and HVAC already in place, reducing upfront capital needs for investors or owner-users.
  • Tax Credit Opportunity — Potential historic tax credits may add significant value for buyers planning renovation or adaptive reuse.
  • Historic Character — Classic brick building with soaring ceilings and timeless architecture full of charm and redevelopment potential.
  • Flexible Use Potential — Ideal for retail, office, restaurant, event venue, or mixed-use redevelopment opportunities.
  • For additional information please contact broker Jason E. Smith at (336) 709-6745.

Executive Summary

NAI Piedmont Triad is pleased to present 100–102 Gilmer Street, a compelling investment and redevelopment opportunity located in the heart of downtown Reidsville, North Carolina. This historic property offers a rare combination of character, visibility, and flexibility, making it an attractive opportunity for investors, developers, and owner-users seeking value-add potential in a growing downtown market.
This classic brick building showcases timeless architectural character, including high ceilings, large windows, and the kind of historic charm that is increasingly difficult to find in today’s market. The property offers excellent bones for adaptive reuse and is well suited for a variety of uses including retail, office, restaurant, entertainment, creative workspace, or mixed-use redevelopment.
Significant capital improvements have already been completed, including major building system upgrades such as roof and HVAC, helping reduce immediate renovation costs and improving overall project feasibility.
Strategically positioned in downtown Reidsville, the property benefits from strong street presence, convenient access, and proximity to local businesses, restaurants, government offices, and community amenities. Its location places it within an area seeing continued revitalization and growing interest from entrepreneurs and investors alike.
For buyers focused on redevelopment, the property may also offer potential access to historic preservation incentives or tax credits, creating additional upside and enhancing long-term value.
Whether you are seeking a unique owner-user opportunity, an adaptive reuse project, or a long-term investment in a revitalizing downtown corridor, 100–102 Gilmer Street offers exceptional potential to create value in one of Rockingham County’s most recognizable commercial corridors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,905 SF
Building Class
C
Year Built
1900
Price
$380,000
Price Per SF
$64.35
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.51
Lot Size
0.09 AC
Zoning
CB/RD - Central Business
Parking
6 Spaces (1.02 Spaces per 1,000 SF Leased)
Frontage
55’ on Gilmer St
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100

Nearby Major Retailers

Wells Fargo Bank
Truist
First Citizens Bank

Property Taxes

Property Taxes

Parcel Number
154923
Land Assessment
$24,200
Improvements Assessment
$58,122
Total Assessment
$82,322
  • Listing ID: 35111933

  • Date on Market: 3/12/2025

  • Last Updated:

  • Address: 100-102 Gilmer St, Reidsville, NC 27320

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