214 Main StCherryville, NC 28021
- Banks
- 2,300 SF
Property Details for 214 Main St
- Year built
- 1960
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 2,300 SF
- Zone code
- RET01
- Property type
- Banks
- APN
- 129866
- APU
- 129866
Description
This exceptional 0.07-acre commercial property, located at 214 E Main Street in Cherryville, NC, presents a unique investment opportunity. Priced at $325,000, this renovated office building offers significant potential as either a thriving small retail space or a distinctive event venue. Its prime location directly adjacent to the J. Ralph Beam, Jr. Heritage Park and behind the Chamber of Commerce ensures high visibility and convenient access for customers and patrons. The building has undergone significant renovations within the past six years, enhancing its functionality and aesthetic appeal. A key improvement includes the addition of two modern bathrooms, significantly increasing the property's usability and comfort. The square footage is not currently specified, but the property's size and location make it an ideal space for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in a desirable area with high foot traffic potential. Serious inquiries are encouraged to explore this promising investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $789,993
- 6.5%
- $729,224
- 7%
- $677,137
-
Comparable approach
- Method
- Valuation
- Relative Method
- $981,495
- Geo Method
- $981,495
-
Alternative Use
- Use
- Valuation
- Residential
- $615,128
- Hospitality
- $563,454
- Educational
- $468,787
- Medical
- $484,909
- Retail
- $729,224
Location Insight
- City
- Cherryville
- County
- Gaston
- State
- North Carolina
- Latitude
- 35.3789
- Longitude
- -81.3779
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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