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, a community situated along the South Fork Catawba River. The neighborhood is characterized by a mix of historic architecture and local small businesses, maintaining a pedestrian-friendly atmosphere. Nearby amenities include Goat Island Park and Preserve, local cafes, and municipal offices. The property provides access to regional transportation via Market Street, which connects directly to Highway 74 and provides a link to the Interstate 85 corridor, facilitating travel to nearby Gastonia and Charlotte. The property is suited for retail operations that benefit from local foot traffic and a community-centric environment. Ideal use cases include boutique storefronts, specialty craft shops, or small-scale service providers. The typical tenant profile includes independent business owners or regional retailers seeking a central location within a revitalizing downtown core. Given its proximity to recreational parks and residential clusters, the site is positioned to serve both local residents and visitors frequenting the town’s waterfront attractions.

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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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