561 Railroad AveRutherfordton, NC 28139

Property Details for 561 Railroad Ave

Year built

1967

Lot size

0.24 AC

Property size (Sq ft)

1,632 SF

Zone code

C-74

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1614248

APU

1614248

Description

This exceptional commercial property, located at 561 Railroad Avenue in Rutherfordton, NC, presents a unique investment opportunity. Boasting a prime location on a busy Rutherford County highway, this multi-purpose complex offers ample parking, ideal for a thriving business. The main structure comprises a 1,600 square foot storefront, perfectly suited for retail or office use. In addition to the street-level space, a full 1,600 square foot basement provides significant storage or expansion potential. Further enhancing its versatility, a 30x26 foot shop with two bay doors is included, catering to businesses requiring workshop or storage space. The entire property sits on a 0.55-acre lot, providing ample room for maneuvering and potential future development. Priced competitively at $235,000, this property offers a compelling return on investment, whether as a rental property or for owner-occupancy. Its strategic location and diverse layout make it an attractive option for a wide range of commercial ventures. Don't miss this chance to acquire a high-value commercial property in a rapidly growing area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $315,190

  6.5%

  $290,945

  7%

  $270,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $134,363

  Geo Method

  $134,363

• Alternative Use

  Use

  Valuation

  Residential

  $360,772

  Hospitality

  $330,465

  Educational

  $274,943

  Medical

  $284,399

  Retail

  $427,689

Location Insight

City

Rutherfordton

County

Rutherford

State

North Carolina

Latitude

35.3753

Longitude

-81.9424

CBSA code

22580

CBSA name

FOREST CITY, NC MICROPOLITAN STATISTICAL AREA

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.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].