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137 SE Railroad St
Enfield, NC 27823
Specialty Property For Sale · 12,000 SF
PROPERTY FACTS
About 137 SE Railroad St , Enfield, NC 27823
1926 masonic lodge and theater - this property features 2 theater spaces (each with capacity of approx. 400 patrons) on floor 1 and 3. 2nd floor includes large banquet hall (seating approx 200), commercial kitchen and conference room. 1st floor also includes office and conference room. off to the back of the building is a shell of a building that formerly housed the police/jail/rescue squad. the building is dated and in need of complete restoration to bring up to current code regulations. QUick contractor estimate of total restoration budget approx. $3million-4 million. building could be continued use as a theater, entertainment space for live music, film, dance etc. or would make a fantastic brewery and pub or distillery. Now is the time as ENfield NC recently declared as one of a handful of NC areas under the Opportunity Zone established by the 2017 federal tax act. This provides cap gains offsets of I belive 1/3 to invest in tier 1 poverty communities. Check out our website for our nonprofit entity at epacnc.org plenty of pictures and background on the building and options. Investor could lease it back to current nonprofit (501c3) to operate programming.
Links
PROPERTY TAXES
Parcel Number | 04-00147 | Improvements Assessment | $477,000 |
Land Assessment | $5,660 | Total Assessment | $482,660 |
PROPERTY TAXES
zoning
Zoning Code | Commercial (Commercial; re parking - there are municipal parking lots in downtown off Whitfield street. Plus after hours parking availability.) |
Commercial (Commercial; re parking - there are municipal parking lots in downtown off Whitfield street. Plus after hours parking availability.) |
Listing ID: 12936231
Date on Market: 6/19/2018
Last Updated:
Address: 137 SE Railroad St, Enfield, NC 27823