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1080 Main St NW 6,271 SF Office Building Lenoir, NC 28645 $616,369 CAD ($98.29 CAD/SF)



Executive Summary
This versatile commercial real estate property is centrally located on a busy main thoroughfare just around the corner from downtown Lenoir, 30 minutes to Hickory, 20 minutes to Morganton and 40 minutes to Boone. Detached concrete loading facility pad for trailer loading/unloading. Current and past uses include retail office space, church, insurance agency, electrical contractor, general contractor, pet grooming / training and storage. Situated on a prime corner lot totaling almost 2 acres with two entrances this income-generating property benefits from high traffic volume and great exposure. With its level terrain, additional acreage, connection to city utilities ( separate meters), and natural gas available, this location presents an excellent opportunity for expansion or redevelopment. Includes two lots across the road totaling an additional 1.96 +/- acres of vacant land. Take advantage of the bustling commercial activity in the area and capitalize on this unique property's potential for transformation. Parcels on the town side of the road with 1080 Main St are included in a NC opportunity zone for certain tax credits. It is zone 37027030100. The map is included in pictures. Link to program information: https://public.nccommerce.com/oz/#section-program The property across from 1080 Main St is in a flood plain, but the buildings are not. Map is attached in disclosures. Projected 8% cap rate with projected income projections of $4,200. Detached concrete loading facility pad for trailer loading. Each space offers independent perimeter fencing.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,271 SF
Building Class
C
Year Built
1953
Price
$616,369 CAD
Price Per SF
$98.29 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,271 SF
Building FAR
0.04
Lot Size
3.70 AC
Opportunity Zone
Yes
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 06-22-1-19 | Improvements Assessment | $92,729 CAD |
| Land Assessment | $78,347 CAD | Total Assessment | $171,077 CAD |
Property Taxes
Parcel Number
06-22-1-19
Land Assessment
$78,347 CAD
Improvements Assessment
$92,729 CAD
Total Assessment
$171,077 CAD
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Presented by
Blue Ridge Realty & Investments, LLC
1080 Main St NW
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