125 N Main St

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.

• Sale Type    Investment or Owner User
• Sale Condition    Deferred Maintenance
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Restaurant General Retail Service Station Freestanding
• Building Size    3,017
• Building Class    B
• Year Built    1940
• Price    149,900
• Price Per SF    50
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.31
• Land Acres    0.22 AC