Mark: 704-985-3128   Phyllis: 704-985-0808   Office: 910-439-9600 
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For Sale: 1434 E Main Street , Albemarle, NC, Albemarle NC

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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

Price: $1,400,000

Status: Active

Address: 1434 E Main Street , Albemarle, NC

County: Stanly

Bedrooms:    Baths: /

Property Type: Commercial Sale Commercial

ConstructionT: Site Built

Foundation: Basement, Basement Fully Finished, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance, Block, Slab, Slab

Lot Size: 2.3000 acres

Lot Features:

Zoning Desc.: GHBD

Flooring: Concrete, See Remarks

Heating: Other

Year Built: 1960

Roof: See Remarks

Schools

SpecialListingConditions: None

Construction Status: Complete

Deed Reference: 1347/841

Geocode Source: Manual

Table: Listing - Commercial

Canopy MLS Info

MLS#: CAR3653176

Listing Data Date: 2020-09-17 17:52:38.316

Photos Changed: 2020-09-17 17:52:38

Status Change: 2020-09-17 15:03:25

Broker: NorthGroup Real Estate, Inc.

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MLS

The Tillery Team
RE/MAX Properties

Call: (910) 439-9600
Email: info@thetilleryteam.com

Mark McRae Owner / Broker
Mark McRae, Broker/Owner
Cell 704-985-3128
mmcrae@thetilleryteam.com

Phyllis Kimrey Realtor / Broker
Phyllis Kimrey-Dunn, Realtor/Broker
Cell 704-985-0808
phyllis@thetilleryteam.com

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