840 N

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840 N

Albemarle, NC 28001
Asking Price
$3.96M
Asset Type
Retail
Class
Class B

What's Special

840 North First Street is situated in the central business corridor of Albemarle, North Carolina. The property is positioned along a high-visibility thoroughfare characterized by a mix of established local businesses and national retail chains. Nearby amenities include the Atrium Health Stanly medical campus, various dining options, and public administrative offices. The location offers direct road frontage with multiple points of ingress and egress, providing ease of access to Highway 24/27 and Highway 52. The site is suited for diverse retail applications, including convenience services, boutique showrooms, or specialty grocery outlets. Given the surrounding demographic and proximity to medical facilities, the property is an appropriate fit for healthcare-related retail or wellness centers. Typical tenants would include regional service providers or consumer goods retailers seeking a high-traffic location with consistent daytime neighborhood activity.

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NOI
$80,000
Cap Rate
2.02%
DSCR
0.34
Underwater
Cash-on-Cash
-13.06%
Monthly Payment
$19,616.657
Annual Cash Flow
$-155,399.879

Location & Travel Times