Lease to Own
Address
1434 E Main Street Albemarle, NC
Price
$ 1,400,000
Property Attributes
- ID#3653176
- TypeCommercial
- CountySTANLY
- CityAlbemarle
- AreaStanly County
- Zip28001
- StyleCommercial
- Price$ 1,400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.3 Acres
Listing Provided Courtesy Of:
NorthGroup Real Estate, Inc.
Data Source:
Canopy MLS
Property Description
Smart investment: Class B- to C+ strip mall, 62,000 square feet, with 12 lane bowling alley, less than 2 miles from a brand new graduate level college campus (like, this week brandnew), within one mile of a brand new 88 unit multi-family build (like, not finished yet brand new), and the strip mall is on the "main street" of a downtown that is experiencing revitalization. The area has scored hundreds of jobs with manufacturers (not just start ups, but 100+ year old companies that pay 140% or more of current wages) and tens of millions of dollars of investment. The publically maintained street just got repaved. This is the time to strike. Pro forma: IRR 18% NPV $7,197,050.88 Caprate 6.5% NOI 124,000
| Price History | |
|---|---|
| 9/17/2020 | Listed $1,400,000 |
General Features
| Accessibility | 2 or More Access Exits, Entry Slope less than 1 foot, Exterior Curb Cuts, Hall Width 36 Inches or More, Handicap Parking, Mobility Friendly Flooring, No Interior Steps, Vehicle Transfer Area, Other |
|---|---|
| Car Hoasubjectto | None |
| Construction Type | Site Built |
| Cooling | Other |
| Flooring | Concrete, See Remarks |
| Heating | Other |
| Possible Use | Commercial, Industry, Multi-Family, Other |
| Property SubType | Commercial |
| Property Type | Commercial Sale |
| Restrictions | N/A |
| Roof | See Remarks |
| Secondary Sub-Type | Business |
| Standard Status | Active |
| Structure Type | Retail Center |
| Terms | Cash, Conventional, Ground Lease, Lease Purchase, Lease Purchase, Lease Option, OWC 1st, OWC 2nd, Other |
| Waterfront Features | None |
| Zoning Description | GHBD |
Exterior Features
| Foundation Details | Basement, Basement Fully Finished, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance, Block, Slab, Slab |
|---|---|
| Lot Size Area | 2.3 |
| Number of Buildings | 1 |
| Other Parking | Large Parking Lot |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 28001
Price
Visits
Year Built
Walkscore
