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201 W Morgan St/Watson Bldg 201 W Morgan St 19,459 SF Office Building Wadesboro, NC 28170 $403,400 ($20.73/SF)
Investment Highlights
- Prominent corner location in Uptown Wadesboro.
- Elevator serves multiple floors within the property.
- Flexible layout supports a variety of commercial uses.
- Three-story commercial building constructed in 1926.
- Portions of the main level have been renovated.
- Offered through a reserve auction process.
Executive Summary
Located at the corner of W. Morgan Street in Uptown Wadesboro, this three-story commercial property presents an opportunity for investors, owner-users, and redevelopment buyers seeking a centrally positioned asset within the town's established business district. The property contains approximately 19,459 square feet and benefits from a corner location that enhances visibility and accessibility from surrounding downtown streets.
Originally constructed in 1926, the building retains characteristics associated with its historic construction while offering a flexible layout capable of supporting a variety of commercial, office, mixed-use, or redevelopment concepts. Portions of the main level have undergone renovations, while additional areas remain available for further improvement, allowing a purchaser to implement a value-add strategy tailored to specific operational or investment objectives.
The property includes elevator service and is situated within the Wadesboro city limits. Its downtown location places it near local government offices, businesses, retail services, and community amenities that contribute to daily activity within the area. The corner positioning and existing building infrastructure provide a foundation for adaptive reuse, continued commercial occupancy, or phased redevelopment.
Offered through a reserve auction, the asset combines an established downtown presence with opportunities for renovation and repositioning. Buyers seeking a historic commercial structure with redevelopment potential, multiple floors of usable space, and a location within Anson County's county seat may find this property well suited for a range of future uses.
Originally constructed in 1926, the building retains characteristics associated with its historic construction while offering a flexible layout capable of supporting a variety of commercial, office, mixed-use, or redevelopment concepts. Portions of the main level have undergone renovations, while additional areas remain available for further improvement, allowing a purchaser to implement a value-add strategy tailored to specific operational or investment objectives.
The property includes elevator service and is situated within the Wadesboro city limits. Its downtown location places it near local government offices, businesses, retail services, and community amenities that contribute to daily activity within the area. The corner positioning and existing building infrastructure provide a foundation for adaptive reuse, continued commercial occupancy, or phased redevelopment.
Offered through a reserve auction, the asset combines an established downtown presence with opportunities for renovation and repositioning. Buyers seeking a historic commercial structure with redevelopment potential, multiple floors of usable space, and a location within Anson County's county seat may find this property well suited for a range of future uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,459 SF
Building Class
C
Year Built
1926
Price
$403,400
Price Per SF
$20.73
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,230 SF
Building FAR
1.91
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CB - Commercial Business
Parking
6 Spaces (0.28 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 6474-15-64-9011-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $342,600 |
Property Taxes
Parcel Number
6474-15-64-9011-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$342,600
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201 W Morgan St/Watson Bldg | 201 W Morgan St