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127 S Main St 3,005 SF 57% Leased Retail Building Norwood, NC 28128 $550,000 ($183.03/SF)
INVESTMENT HIGHLIGHTS
- Located on South Main in the downtown Norwood area.
- 127 S Main is currently leased with a tenant providing additional income.
- Within the Social District and a possible adaptive re-use property.
EXECUTIVE SUMMARY
Prime corner lot with 2 existing buildings, one is current 2 bay auto shop, and former gas station. Second building is occupied with a current lease in place with future optional
income potential. Full parcel that includes both buildings is situated in the Norwood social district and could be a potential adaptive re-use project. /- .63 AC Zoned C-B. Current tenant in 127 S Main St is currently occupied by an auto repair shop. 135 S Main is occupied by owner, but will become vacant at time of sale, offering opportunity for potential income! 127 S Main is 1,700 SF and 135 S Main St is 1,305 SF.
income potential. Full parcel that includes both buildings is situated in the Norwood social district and could be a potential adaptive re-use project. /- .63 AC Zoned C-B. Current tenant in 127 S Main St is currently occupied by an auto repair shop. 135 S Main is occupied by owner, but will become vacant at time of sale, offering opportunity for potential income! 127 S Main is 1,700 SF and 135 S Main St is 1,305 SF.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
3,005 SF
Building Class
C
Year Built
1960
Price
$550,000
Price Per SF
$183.03
Percent Leased
57%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.63 AC
Zoning
C-B - Within Norwood Social District.
Parking
15 Spaces (4.99 Spaces per 1,000 SF Leased)
Frontage
49’ on South Main Street
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 6563-02-68-1583 | Improvements Assessment | $158,330 |
| Land Assessment | $30,909 | Total Assessment | $189,239 |
PROPERTY TAXES
Parcel Number
6563-02-68-1583
Land Assessment
$30,909
Improvements Assessment
$158,330
Total Assessment
$189,239
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127 S Main St
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