Blowing Rock Real Estate

1 of 46

1080 Main Street NW

Lenoir, NC

$450,000

Details

Acreage: 3.93

Elementary School: Outside of Area

Year Built: 1953

MLS #: 258918

About this Property

Details & Amenities

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 totalling 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.

Features

Roof:

Asphalt, Metal, Shingle

Parking:

Paved, Parking Spaces

Exterior:

Fence

Heat:

Electric, Heat Pump, Wood Stove

Air Condition:

Central Air, Electric

Property Type:

Commercial Sale