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819 West Ave 5,226 SF Retail Building Lenoir, NC 28645 $589,900 ($112.88/SF) 5.89% Cap Rate
Investment Highlights
- Renovation is complete
Executive Summary
Historic 1913 Edwardian Commercial Landmark in Downtown Lenoir – Exceptional Investment Opportunity, 819 West Avenue NW is ready for new owners!
Step into a piece of Lenoir history with this remarkable 1913 Edwardian-era commercial landmark. Originally built as a men’s clothing store, this iconic downtown property has evolved through the years into one of Lenoir’s signature adaptive-reuse properties.
This versatile building offers tremendous flexibility and income potential with the ability to accommodate multiple tenants. Significant upgrades and renovations were completed in 2022, and the property is move-in ready with nothing major needed.
The building previously operated as a two-story restaurant and offers a variety of possibilities:
Lower Level: Former bar and kitchen area with a separate side-street entrance, allowing for a private club, lounge, entertainment venue, or additional tenant space.
Main Street Level: Ideal for retail, office, gallery, or boutique use with excellent downtown visibility. The rear of the building features a stage area, creating opportunities for events, performances, or gatherings.
Loft Area: A flexible space perfect for meetings, private events, or additional office use.
Upper-Level Apartment/Office Space: Provides additional options for owner occupancy, offices, or rental income.
The possibilities are truly endless. Whether you are looking for an investment property, a unique business location, or a downtown redevelopment opportunity, this historic property offers character, versatility, and income potential.
One thing is certain — you can purchase this property and put it to work generating income.
Call me with any questions or to schedule a private tour.
George
Step into a piece of Lenoir history with this remarkable 1913 Edwardian-era commercial landmark. Originally built as a men’s clothing store, this iconic downtown property has evolved through the years into one of Lenoir’s signature adaptive-reuse properties.
This versatile building offers tremendous flexibility and income potential with the ability to accommodate multiple tenants. Significant upgrades and renovations were completed in 2022, and the property is move-in ready with nothing major needed.
The building previously operated as a two-story restaurant and offers a variety of possibilities:
Lower Level: Former bar and kitchen area with a separate side-street entrance, allowing for a private club, lounge, entertainment venue, or additional tenant space.
Main Street Level: Ideal for retail, office, gallery, or boutique use with excellent downtown visibility. The rear of the building features a stage area, creating opportunities for events, performances, or gatherings.
Loft Area: A flexible space perfect for meetings, private events, or additional office use.
Upper-Level Apartment/Office Space: Provides additional options for owner occupancy, offices, or rental income.
The possibilities are truly endless. Whether you are looking for an investment property, a unique business location, or a downtown redevelopment opportunity, this historic property offers character, versatility, and income potential.
One thing is certain — you can purchase this property and put it to work generating income.
Call me with any questions or to schedule a private tour.
George
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,226 SF
Building Class
B
Year Built/Renovated
1913/2022
Price
$589,900
Price Per SF
$112.88
Cap Rate
5.89%
NOI
$34,750
Tenancy
Single
Building Height
3 Stories
Slab To Slab
12’
Building FAR
3.00
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
-3
Parking
6 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
29’ on West Ave
Amenities
- Corner Lot
- Fireplace
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-1-7-1 | Improvements Assessment | $322,200 |
| Land Assessment | $18,400 | Total Assessment | $340,600 |
Property Taxes
Parcel Number
06-1-7-1
Land Assessment
$18,400
Improvements Assessment
$322,200
Total Assessment
$340,600
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Contact the Sale Advisor
819 West Ave