111 W Main St
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111 W Main St
7,053 SF 100% Leased Retail Building Elkin, NC 28621 $504,112 CAD ($71 CAD/SF)
Executive Summary
For sale: a historic downtown building at 111 W Main Street, located in the heart of Historic Downtown Elkin, NC. This iconic property offers a total building area of 7,053 square feet, with 2,339 square feet on the main level, 2,339 square feet in the basement, and 2,375 square feet on the second level. The main level has been newly refurbished and is available for rent at $2,000 per month, with negotiable terms, while the lower level basement can be leased for $500 per month, including utilities. This prime location offers access from both Main Street and Depot Alley, placing you in the center of Elkin’s vibrant downtown, which is home to a diverse mix of restaurants, shops, offices, music venues, and cultural attractions. As a designated NC Main Street Community since 1998, Elkin is rapidly growing and presents excellent opportunities for development. The upper floor could be ideal for development of residential apartments or other missed uses. Whether you're looking for a space to run your business or an investment opportunity, Downtown Elkin is the place to be. Don’t miss your chance to be part of this thriving community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,053 SF
Building Class
C
Year Built
1905
Price
$504,112 CAD
Price Per SF
$71 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.31
Lot Size
0.07 AC
Zoning
DMX - No medical permitted in DMX
Parking
4 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
30 ft on W Main St
Amenities
- Security System
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 4951-14-42-0615 | Improvements Assessment | $150,079 CAD |
Land Assessment | $24,473 CAD | Total Assessment | $174,553 CAD |
PROPERTY TAXES
Parcel Number
4951-14-42-0615
Land Assessment
$24,473 CAD
Improvements Assessment
$150,079 CAD
Total Assessment
$174,553 CAD
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