This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$690,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
INCOME PRODUCING OFFICE BUILDING AVAILABLE! Looking for investment property? This 1928 built historic building is available right now. This exclusive property offers 14 leased offices, with shared conference room, and a full open basement, and is located in a highly visible area on the corner of Harper Ave and Main St in Lenoir's Historic Downtown District.This property has a current GRM of 8.6% and a CAP rate of 11.5%. Current owners purchased as an improvement project and have made numerous improvements, including updating bathrooms, replacing flooring and windows, and updating HVAC systems. See listing docs for a complete list of improvements completed. They have also worked to bring rates up to market value, [currently lease rates are approx. 80% of market value], and have reduced vacancy rate to ZERO. They are only listing for 90 days, to pursue another opportunity. So, if you're interested in a historic, classically designed, income producing office building, act fast!
Full Property Details
Full Property Details for 101 SW Main Street SE
General
- Sold For: $690,000
- Status: Closed
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4014492
- Added to Site: 1, 044 day(s) ago
Interior
- Flooring: Carpet, Tile, Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 6
Parking
- Parking Features: Parking Lot
Location
- County: Caldwell
- Cross Streets: Harper
- Driving Directions: From Highway 321, take Harper Avenue into downtown Lenoir. Turn left onto Main Street. Municipal parking area is available across the street from the building.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Central Air, Electric, Heat Pump
- Heating Type: Central, Heat Pump, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Connected, Electricity Connected, Fiber Optics, Gas, Phone Connected
Structural Information
- # Buildings: 1
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Brick Full
- Basement: Yes
- Basement Desc.: Exterior Entry, Finished, Full, Interior Entry, Walk-Out Access
- Roof: Rubber
- Ceiling Height: 10
- Square Feet: 14,967
- Min Required: 1 Sq. Ft.
- Minimum Avail: 14,083 Sq. Ft.
- Year Built: 1928
Lot Features
- Lot Dimensions: 86 x 69 per county records
- Street/Road Desc.: Paved
- Elevation (Approx.): 1000
- Rcmdd Zoning: B3
Financial Considerations
- Operating Expenses: $2,050
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Building, Fixtures
- Property ID: 06-1-7-10
- Lot Number: 1975-2003
Listed by Mountainside Realty, LLC
Sold by Baker Realty
Get Pre-Approved Today
Schools
Schools serving 101 SW Main Street SE
School District:Caldwell County Schools
| Name | Grades | Distance |
|---|---|---|
Davenport Elementary School 901 College Avenue Southwest, Lenoir, NC 28645 | PK-5 | 0.2 mi |
Gamewell Middle 3210 Gamewell School Road, Lenoir, NC 28645 | 6-8 | 4.4 mi |
West Caldwell High 300 West Caldwell Drive, Lenoir, NC 28645 | 9-12 | 3.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 SW Main Street SE
Date
Details
Price
Change
Source
6/14/2023
Sold
$690,000
-1.29%
MLS
4/20/2023
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 SW Main Street SE, Lenoir, NC 28645 (MLS# 4014492) is a Commercial property that was sold at $690,000 on June 14, 2023. Want to learn more about 101 SW Main Street SE? Do you have questions about finding other Commercial real estate for sale in Lenoir? You can browse all Lenoir real estate or contact a Coldwell Banker agent to request more information.

