142 8th Avenue

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142 8th Avenue

Cramerton, NC 28032
Asking Price
$1.37M
Asset Type
Retail
Class
Class B

What's Special

142 8th Avenue is located in the downtown district of Cramerton, North Carolina, situated within the South Fork River valley. The neighborhood features a mix of historic architecture and local businesses, maintaining a small-town character near the Goat Island Park and Preserve. The asset is positioned within walking distance of public recreational areas and residential clusters. Transportation access is provided via NC-7 and nearby connections to US-29/US-74, linking the property to the greater Charlotte metropolitan area and Gastonia. This retail asset is suited for boutique shops, specialty services, or local dining establishments that benefit from pedestrian traffic. The property layout supports small-scale commercial operations requiring visibility in a community-oriented commercial corridor. Typical tenants include independent retailers, professional service providers, or café operators looking to serve the local workforce and residents. The location caters to businesses that align with the historic charm and localized economy of the Cramerton riverfront area.

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NOI
$80,000
Cap Rate
5.86%
DSCR
0.99
Underwater
Cash-on-Cash
-0.27%
Monthly Payment
$6,758.223
Annual Cash Flow
$-1,098.672

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