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Ferraro Building 105 W Main St 7,611 SF 100% Leased Office Building Elkin, NC 28621 $749,000 ($98.41/SF)



Investment Highlights
- Heart of Historic Downtown Elkin
- Potential for additional rental income from basement
- Income producing property with 2 lofts apts, and a main level retail/office
Executive Summary
Located in the heart of Historic Downtown Elkin at 105 W. Main Street, this distinguished two-story brick commercial building blends architectural character with modern mixed-use functionality. Old photographs suggest the structure may date as early as 1905, and it was certainly in existence by the late 1930s when it operated as a hardware store. The 1915 Sanborn Map confirms its early commercial use. Architecturally, the building remains one of the more intact facades on Main Street, featuring classical cast-iron pilasters, a deeply recessed entrance, double-leaf doors, and a luxor-prism transom. The second story is divided into three bays with round-arched windows and stone keystones, while the upper façade showcases three slightly recessed panels accented with diamond-shaped stone details.
Today, the main level—approximately 2,986 square feet—is home to an upscale antique store with strong street visibility and walkable appeal. The second level includes two loft-style apartments totaling approximately 2,375 square feet, offering excellent residential income potential or owner-occupant flexibility. The 2,250-square-foot basement, accessible from both the rear alley and interior retail space, features concrete floors, two older restrooms, and versatile unfinished space ideal for storage, workshop use, or future improvements. The building is heated and cooled by electric heat pumps, has a new roof, and natural gas is available in the rear alley.
This property presents a rare opportunity to own a partially owner-occupied building or investment asset in one of Elkin’s most vibrant and historic downtown corridors. Call for rental information and additional details.
Today, the main level—approximately 2,986 square feet—is home to an upscale antique store with strong street visibility and walkable appeal. The second level includes two loft-style apartments totaling approximately 2,375 square feet, offering excellent residential income potential or owner-occupant flexibility. The 2,250-square-foot basement, accessible from both the rear alley and interior retail space, features concrete floors, two older restrooms, and versatile unfinished space ideal for storage, workshop use, or future improvements. The building is heated and cooled by electric heat pumps, has a new roof, and natural gas is available in the rear alley.
This property presents a rare opportunity to own a partially owner-occupied building or investment asset in one of Elkin’s most vibrant and historic downtown corridors. Call for rental information and additional details.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
7,611 SF
Building Class
B
Year Built
1905
Price
$749,000
Price Per SF
$98.41
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,806 SF
Building FAR
2.18
Lot Size
0.08 AC
Zoning
DMX - Downtown Mixed Use
Amenities
- Air Conditioning
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Property Taxes
| Parcel Number | 4951-14-42-0696 | Improvements Assessment | $230,330 |
| Land Assessment | $24,990 | Total Assessment | $255,320 |
Property Taxes
Parcel Number
4951-14-42-0696
Land Assessment
$24,990
Improvements Assessment
$230,330
Total Assessment
$255,320
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Ferraro Building | 105 W Main St
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