215 Main StTroy, NC 27371

Property Details for 215 Main St

Year built

1946

Lot size

0.26 AC

Property size (Sq ft)

2,936 SF

Property type

Office buildings

APN

7538 10 37 3136

APU

753810373136

Description

This exceptional investment opportunity presents a prime commercial property located at 215 & 217 N Main Street in the heart of Troy, NC. The property encompasses multiple retail and office spaces currently occupied by established tenants, generating consistent rental income. This makes it an ideal addition to any investor's portfolio seeking a stable, cash-flowing asset. The 0.4-acre lot provides ample space, and the property includes both street-level Main Street frontage and additional spaces in the basement. The building's current configuration offers flexibility for a variety of uses, allowing for potential expansion or adaptation to meet evolving market demands. The property is priced competitively at $275,000, representing a strong return on investment given the existing tenant occupancy and desirable downtown location. Serious inquiries are encouraged. Showings are strictly by appointment only to ensure minimal disruption to the current tenants and their operations. Please contact us to schedule a viewing and explore the potential of this lucrative investment opportunity. Detailed financial information and tenant occupancy details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $322,114

  6.5%

  $297,336

  7%

  $276,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,675

  Geo Method

  $497,182

• Alternative Use

  Use

  Valuation

  Residential

  $368,696

  Hospitality

  $337,724

  Educational

  $280,982

  Medical

  $290,646

  Retail

  $437,083

Location Insight

City

Troy

County

Montgomery

State

North Carolina

Latitude

35.3602

Longitude

-79.8942

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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How can I contact the broker?

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