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137 SE Railroad St
Enfield, NC 27823

Specialty Property For Sale · 12,000 SF

PROPERTY FACTS

Property Type Specialty
Property Subtype
Lodge/Meeting Hall
  • Specialty Movie Radio TV Studio
Building Class C
Lot Size 0.16 AC
Building Size 12,000 SF
No. Stories 3
Year Built 1926
Parking Ratio 0.4/1,000 SF

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-00147
Land Assessment
$5,660
Improvements Assessment
$477,000
Total Assessment
$482,660

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

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