Lease to Own
Address
1434 E Main Street Albemarle, NC
Price
$ 1,400,000
Property Attributes
  • ML#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.
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

Car Hoasubjectto None
Construction Type Site Built
Property SubType Commercial
Property Type Commercial Sale
Restrictions N/A
Roof See Remarks
Secondary Sub-Type Business
Standard Status Active
Structure Type Retail Center
Waterfront Features None

Exterior Features

Lot Size Area 2.3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28001

Price
AVG $310K
$1.4M
Visits
AVG 20
11
Year Built
AVG 1954
1960
Walkscore
AVG 38
54
Data Provided by Walkscore ® not using MLS data

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