116 W Main St
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116 W Main St
8,640 SF Vacant Retail Building Rowland, NC 28383 £28,168 (£3/SF)
Investment Highlights
- Rural area
- Down town
Executive Summary
Historic building and the property does need some renovation including a new roof. Units A, B and C. Can be sold as all three units for $85,000, or can be sold as one unit for $35,000, or two units for $25,000 per unit.. Or best Offers.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Building Size
8,640 SF
Building Class
C
Year Built
1930
Price
£28,168
Price Per SF
£3
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
1.00 AC
Zoning
C-2
Frontage
77 ft on Main St
Amenities
- Signage
- Accent Lighting
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £87,400 | |
| Land Assessment | £25,821 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £61,579 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£25,821
Improvements Assessment
£61,579
Total Assessment
£87,400
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
-
Denise Picone - Horace Clarke
1 of 3
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Presented by
Horace Clarke
116 W Main St
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