126 1St StConover, NC 28613

For Sale
$189,900 View listing
  • Commercial real estate
  • 1,875 SF

Property Details for 126 1St St

Year built
1940
Construction
WOOD
Lot size
0.05 AC
Property size (Sq ft)
1,875 SF
Zone code
B-3
Property type
Commercial real estate
APN
3741-05-19-2642
APU
374105192642

Description

This 1,875 square foot retail property is located at 126 1st Street West in the heart of historic downtown Conover, North Carolina. Situated on a 0.05-acre lot, this building enjoys excellent visibility and accessibility due to its prime location at a five-point intersection. The property boasts a consistent rental history, making it an attractive investment opportunity. The interior features a front lobby, a large studio space, a bathroom, and a dressing room, offering versatile layout options for a variety of retail uses. The building's strategic location provides easy access to major transportation arteries, including Interstate 40, Business 321, and Highway 16, ensuring high traffic flow and convenient access for customers and employees. Conover offers a charming, small-town atmosphere, creating a welcoming environment for businesses and residents alike. This property presents a unique chance to establish or expand a retail presence in a thriving, close-knit community with a rich history. The combination of high visibility, convenient location, and consistent rental income makes this an exceptional opportunity for investors seeking a strong return on investment in a desirable downtown setting.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $501,463
    Hospitality
    $459,337
    Educational
    $382,163
    Medical
    $395,306
    Retail
    $594,476
126 1St St, Conover, North Carolina

Location Insight

City
Conover
County
Catawba
State
North Carolina
Latitude
35.707
Longitude
-81.2191
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$818
$12,000
$91,100
$103,100
-
$12,000
$91,100
$103,100

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