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Historic Holcomb Bros Bldg 119 W Main St 13,300 SF Retail Building Elkin, NC 28621 $1,353,344 CAD ($101.76 CAD/SF) 8.45% Cap Rate
EXECUTIVE SUMMARY
One of two exceptional opportunities to acquire a stabilized commercial property in Downtown Elkin. This historic building was fully renovated in 2014, and has since been home to an established business with lease in place through 2026 with interest in renewal. This investment provides immediate and reliable cash flow with a cap rate exceeding 8%. Listing agent is employee of Seller.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,300 SF
Building Class
B
Year Built
1905
Price
$1,353,344 CAD
Price Per SF
$101.76 CAD
Cap Rate
8.45%
NOI
$114,406 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.18
Lot Size
0.14 AC
Zoning
DMX - Mixed Use
Frontage
54’ on W Main St.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4951-14-32-9613 | Total Assessment | $1,050,167 CAD (2025) |
| Land Assessment | $89,335 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $960,832 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4951-14-32-9613
Land Assessment
$89,335 CAD (2025)
Improvements Assessment
$960,832 CAD (2025)
Total Assessment
$1,050,167 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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The Bonanza Group
Historic Holcomb Bros Bldg | 119 W Main St
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