DALLAS NC ASSEMBLAGE ON THE SQUARE | 103 N Holland St
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DALLAS NC ASSEMBLAGE ON THE SQUARE 103 N Holland St
1,882 SF Retail Building Dallas, NC 28034 $650,000 ($345/SF) 8.21% Cap Rate
Investment Highlights
- 1/3rd to 1/2 Half acre on the square! Great potential redevelopment.
- Residential & Commercial income in a historical property.
- In place income- below market.
Executive Summary
Dallas, NC, up to half-acre assemblage on the square with-in place income! (Property is offered with or without adjacent house {+$285,000 for 210 W. Main}). Enjoy passive income and appreciation in the next Charlotte metro hot spot or create your own redevelopment project. "Tenant is "THE PICKLE" - a local bar/restaurant. Commercial lease is in first year of second three-year renewal. Tenant has three three-year renewal options. Site is approximately.33 acres along Main Street between Holland and Oakland Street. City owned quarter-acre "park" land is adjacent. Preservation NC is offering a one-third acre property on the other side of the city park allowing an opportunity to create a larger assemblage/project.
Financial Summary (Actual - 2023) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,882 SF
Year Built
1900
Price
$650,000
Price Per SF
$345
Cap Rate
8.21%
NOI
$53,333
Tenancy
Single
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.13
Lot Size
0.33 AC
Zoning
RET06 - Commercial
Frontage
Amenities
- Signage
- Balcony
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 132106 | Improvements Assessment | $130,630 (2024) |
| Land Assessment | $47,910 (2024) | Total Assessment | $178,540 (2024) |
PROPERTY TAXES
Parcel Number
132106
Land Assessment
$47,910 (2024)
Improvements Assessment
$130,630 (2024)
Total Assessment
$178,540 (2024)
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DALLAS NC ASSEMBLAGE ON THE SQUARE | 103 N Holland St
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