2620 North Main Stree

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2620 North Main Stree

High Point, NC 27262
Asking Price
$22.57M
Asset Type
Retail
Class
Class B

What's Special

2620 North Main Street is situated within a high-traffic commercial corridor in High Point, North Carolina. The surrounding neighborhood is characterized by a mix of established residential pockets and dense retail development. The property offers direct frontage on North Main Street, a primary local artery providing efficient access to the downtown district and the nearby I-74 corridor. Local amenities in the immediate vicinity include diverse dining options, major pharmacy chains, and neighborhood shopping centers, ensuring a steady flow of regional traffic and high visibility. The property is well-suited for a variety of retail applications, including boutique storefronts, service-based businesses, or small-scale showroom space. The location supports a tenant profile ranging from local specialized retailers to regional service providers seeking proximity to High Point’s suburban population. Given the layout and neighborhood demographics, the site is also appropriate for professional services requiring a retail presence, such as insurance agencies, creative studios, or health and wellness practitioners.

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NOI
$80,000
Cap Rate
0.35%
DSCR
0.06
Underwater
Cash-on-Cash
-18.61%
Monthly Payment
$111,649.203
Annual Cash Flow
$-1,259,790.436

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