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 commercial district of Albemarle, North Carolina. The property benefits from high visibility along a primary north-south arterial corridor, connecting the downtown core to residential neighborhoods and suburban retail centers. The surrounding area features a mix of local government offices, dining options, and service-oriented businesses. Access is facilitated by proximity to NC Highway 24/27, providing regional connectivity to the greater Charlotte metropolitan area and neighboring Stanly County communities. The building is suited for a variety of retail applications, including convenience services, boutique showrooms, or specialty storefronts. Given its position within a high-traffic urban corridor, the site aligns with the needs of service providers or small-scale retailers seeking consistent vehicle and pedestrian exposure. Typical tenants for this asset profile include local entrepreneurs, franchise operators, or professional service firms requiring a storefront presence to serve the established local population and commuter traffic.

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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