227 & 229 S. Scales Street

Property Features

Street front Retail Store with attached 1 bedroom 2 bath apartment, full basement and loft storage. Existing rental income from current store vendors and apartment tenant.

       . NOI $37,878; 12.84% CAP

· Total SF:  24,930 SF

· 8,365 SF antique thrift store rents to approximately 23 vendors providing income monthly

· 2,100 SF (1) bedroom apartment that rents monthly. Includes 2 baths, kitchen, office, master bedroom/master bath and double pantry

· 10,465 SF basement with bathroom, office space and retail store utilized by former archery shop

· 4,000 SF loft storage

Income financials available for interested investment buyers. The property does not have to remain with existing tenants. No long term leases in place.

Highlights:

· Renovated 2016 to add a 1 bedroom apartment

· Central Business Historic District Downtown Reidsville

· High traffic with street front parking plus rear parking lot

· New roof 2019

 

Property Details
Property Type Retail
Zoning CB
Address 227 & 229 S. Scales Street
Reidsville, NC 27320
County Rockingham
For Sale/Lease Sale
Ceiling Heights 14 ft
Year Built 1920
Year Renovated 2016
City Water Yes
City Sewer Yes
Total Sales Price $275,000.00
Total SF Available 24,930
Property Documents Brochure

Property Broker

Brian Burnham

Contact: bburnham@bipinc.com

Phone: 3365415522

Wes Vogel

Contact: wvogel@bipinc.com

Phone: 336-541-5520

Property Map

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