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702 E Main Street

Cherryville, NC 28021

3 beds
1 bath
2,944 sqft
~3/4 acre lot
$110 per sqft
1942 build
– on site

Motivated Seller! CALLING ALL INVESTORS with vision who want monthly cash flow! Former funeral home walking distance to up & coming downtown Cherryville! This property has a conditional use for multi-family for up to 6 units due to acreage (see attached zoning regulations and call Cherryville Planning Department with questions). Listed as a 3 bedroom due to 6'9" ceiling height upstairs, where you will find 3 additional rooms and an additional 1358 sq ft. 5 exterior entrances. Since it was previously used as commercial space, there are no full bathrooms - only (2) half baths with a separate shower stall. Double lot with ginormous parking lot and 3 bay detached garage with plenty of room for potential second build. Rent out garage space to future tenants for vehicles or regular storage. Add coin laundry for additional cash flow - the opportunities are endless! You have to see this one to understand its full potential! Cross-listed in Commercial (MLS 4104640) and Residential (MLS 4106617)

Listing courtesy of CMLS / Premier South

Last checked: Checking… • Last updated May 1, 2024 •

MLS# 4106662 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1942
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Brick Partial, Vinyl
Patio And Porch Features:

Covered, Porch
Accessibility Features:

Two or More Access Exits, Ramp(s)-Main Level
Stories:

2
Basement:

false
Foundation Details:

Basement
# of Units Total:

6
Building Area Total:

2944
Above Grade Finished Area:

2944

Interior

Flooring:

Carpet
Living Area:

2944
Fireplace:

false

Location

Latitude:

35.380788
Longitude:

-81.371937

The Property

Type:

Residential Income
Lot Features:

Cleared, Level, Paved
Lot Size Area:

0.68
Lot Size Units:

Acres
Zoning Specification:

RO
Exterior Features:

Storage
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Asphalt, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

129468
Tax Assessed Value:

208960

Beds

Bedrooms Total:

3

Baths

Half Baths:

2

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

4

Heating & Cooling

Heating:

Other - See Remarks
Cooling:

Other - See Remarks

Utilities

Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

None
Laundry Features:

None

Schools

Elementary School:

Cherryville
Middle School:

John Chavis
High School:

Cherryville

The Community

Subdivision Name:

none
Senior Community:

false
Pets Allowed:

Call
Restrictions:

Other - See Remarks
Restrictions Description:

See attached Permitted Uses & Conditional Uses
HOA Subject To:

None

Parking

Parking Features:

Attached Carport, Detached Garage, Parking Lot
Garage:

true
Garage Spaces:

4
Main Level Garage:

Yes
SqFt Garage:

948
Carport:

true
Open Parking:

false
Other Parking:

(2) parking spaces in front of property, 4 bay detached garage, and HUGE parking lot in the rear. Garage measurement available upon request.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/18/24 Apr 18, 2024	Price Changed	CMLS	$324,000	-5.3%
2/9/24 Feb 9, 2024	Listed / Active	CMLS	$342,000
2/5/24 Feb 5, 2024	Coming Soon	CMLS	$342,000

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Newest listings in Cherryville, NC

This multifamily located in Cherryville, NC 28021 is currently for sale for $324,000. 702 E Main Street is a 2,944 square foot multifamily with 3 beds and 1 bath that has been on Estately for 95 days. This multifamily is in the attendance area of Cherryville Elementary School, Wb Beam Intermediate School, John Chavis Middle School, and Cherryville High School.

Based on information submitted to the MLS GRID as of 5/10/2024 9:37 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.