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Salem Neckwear 116 W Academy St 8,100 SF Retail Building Randleman, NC 27317 $395,000 ($48.77/SF)
Investment Highlights
- Building is fully heated and air conditioned.
- Hardwood floors & pressed tin ceiling on ground level.
- Roof was replaced in 2019.
Executive Summary
Great industrial/retail space in downtown Randleman. Ground floor has hardwood flooring, open manufacturing/retail area with 10' pressed tin ceiling, 2 offices and one restroom. Lower level is fully finished with 8' ceiling, concrete floor, one restroom. Roof was replaced in 2019. Building has 3 phase power.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$944
|
$0.12
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$944
|
$0.12
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $944 |
| Annual Per SF | $0.12 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $944 |
| Annual Per SF | $0.12 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
8,100 SF
Year Built
1955
Price
$395,000
Price Per SF
$48.77
Tenancy
Single
Building Height
1 Story
Building FAR
1.86
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
B-1 - City of Randleman zoning
Amenities
- Storage Space
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 7765-13-6525 | Total Assessment | $83,570 |
| Land Assessment | $17,850 | Annual Taxes | $944 ($0.12/SF) |
| Improvements Assessment | $65,720 | Tax Year | 2025 |
Property Taxes
Parcel Number
7765-13-6525
Land Assessment
$17,850
Improvements Assessment
$65,720
Total Assessment
$83,570
Annual Taxes
$944 ($0.12/SF)
Tax Year
2025
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Salem Neckwear | 116 W Academy St
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