127 W Main St - Storefront Retail/Residential FOR SALE


Burnsville, NC 28714
$850,000 USD
575-650-8615
127 W Main St, Burnsville, NC for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | 5.47% Cap Rate

127 W Main St
Burnsville, NC 28714


HIGHLIGHTS

  • Extensively remodeled historic commercial building.
  • Currently bustling vintage market & antique mall.
  • Located in the heart of Downtown Burnsville.
  • Potential to be converted to partial restaurant.
  • Stabilized by multiple local and regional vendors.
  • Located in an emerging market, poised for growth.

OVERVIEW

Location, space, and potential await you in the bustling Downtown Burnsville Commercial District? Look no further than the Vintage Lamp Post Market, an outstanding property boasting an unbeatable location in the heart of downtown. This is a house within a house! The original 1900s Victorian doctor's office and residence still stands within a mid 1950s frame and brick addition, and the whole interior of the property has been thoughtfully transformed into a charming retail center, featuring local and regional vintage crafts and antiques. In addition, there is a studio apartment in the rear of the building with excellent STR potential, as well as a detached garage. Lease Breakdown: Lamp Post - $1,800/mo Sawmill - $2,500'mo Residential unit - $850/mo Occupancy included 2 commercial leases and 1 residential lease.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

5.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C-1

APN/PARCEL ID

082013244825.000

ASK ABOUT THIS PROPERTY

Jake MossmanKeller Williams ProfessionalsMore Info
575-650-8615

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Jake MossmanKeller Williams ProfessionalsMore Info
575-650-8615

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.