125 N Main St
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125 N Main St
3,017 SF Retail Building Red Springs, NC 28377 $149,900 ($50/SF)
Investment Highlights
- High Traffic Count 12000 AADT
- Adjacent lot also for sale.
Executive Summary
Located in the heart of downtown Red Springs, this building has been located on the main street of Red Springs for well over 100 years. Unfortunately, time has taken its toll on this 3300 sq. ft. solid masonry structure. North Main Street in Red Springs consists of NC Hwy 71, 211, and 710. Traffic at this location picks up before sunrise each day and remains steady throughout the day and well into the night. The lot size is a 9268 sq. ft. rectangle and measures approximately 66.75 linear ft. along Main St. The lot extends 137 50 linear ft. to a 20 ft paved alley located behind the existing building and connects to the large parking lot adjacent the fire station located next door. All the property located to the south of this parcel is also currently for sale and could be combined with this parcel for over 200 linear ft. of road frontage along the Main Street of Red Springs.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
3,017 SF
Building Class
B
Year Built
1940
Price
$149,900
Price Per SF
$50
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.22 AC
Zoning
CB - commercial and service centers
Parking
10 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
79 FT on Main St
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 3605-02-041 | Improvements Assessment | $40,800 |
Land Assessment | $23,000 | Total Assessment | $63,800 |
PROPERTY TAXES
Parcel Number
3605-02-041
Land Assessment
$23,000
Improvements Assessment
$40,800
Total Assessment
$63,800
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125 N Main St
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