1434 E Main Street $1,400,000

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    1434 E Main Street Albemarle, NC 28001

    • 2.30 Acres
    • Commercial
    • MLS# 3653176
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    Views: 32 Days On Site: 125

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    Property Details

    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

    • General Features
      • Year Built 1960
      • New Construction Y/N false
    • Building Features
      • Accessibility Features 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
      • Cooling Other
      • Roof See Remarks
      • Heating Other
      • Flooring Concrete, See Remarks

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    Neighborhood

    28001 (Albemarle) Demographics

    42 Median Age
    199 Population Density (per sq. mile)
    28% College Educated
    $41,947 Estimated Median Income
    7,230 Estimated Total Home Owners
    3,427 Estimated Total Renters
    68% / 32% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,498 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $165,000 Median Sales Price
    23 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,400,000
        9/17/2020 12:15:00 PM New in Database Source New Value: $1,400,000

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        IDX Based on information submitted to the MLS GRID as of 1/20/2021 4:14:39 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. © 2021

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.