117 Morrison

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117 Morrison

Elkin, NC 28621
Asking Price
$4.98M
Asset Type
Retail
Class
Class B

What's Special

117 Morrison is situated in the historic downtown district of Elkin, North Carolina. The neighborhood is characterized by a mix of local boutiques, professional offices, and established service businesses. The property is positioned within walking distance of the Yadkin River trails and local municipal offices. Connectivity is provided by North Bridge Street and nearby Highway 21, offering direct access to Interstate 77. This central location benefits from proximity to regional vineyards and the recurring foot traffic generated by downtown seasonal events. The property is suited for general retail operations, specialty showrooms, or boutique shops that benefit from high visibility and pedestrian access. The floor plan supports diverse merchant layouts, ranging from apparel and home goods to artisanal food services. Typical tenants include local entrepreneurs or regional retailers seeking a Presence in a revitalized rural hub. The asset's location within a commercial cluster makes it a viable site for businesses requiring a combination of retail frontage and functional back-of-house space.

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NOI
$80,000
Cap Rate
1.61%
DSCR
0.27
Underwater
Cash-on-Cash
-14.43%
Monthly Payment
$24,628.428
Annual Cash Flow
$-215,541.135

Location & Travel Times