40 Main Street E Saluda, NC $ 994,950
40 Main Street E
$ 994,950
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40 Main Street E

Saluda, NC, 28773
$ 994,950
Baths5.0 Sq 3,778

Monthly Estimate*

$ 6,950

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Studio

Commercial Property for sale in Saluda, NC

for $994,950 with 5 full baths. This 3,778 square foot building was built in 1990 on a lot size of 0.06.

Exceptional and completely turnkey commercial building in the heart of Historic Downtown Saluda featuring a restaurant space and 2 apartments. Owner financing available to qualified buyer. The 1,869 SF restaurant space comes fully equipped with all FFE and service-ware. The second floor is 1,575 SF with which you could add to the restaurant, rent to a business, or use as a studio apartment. The third floor is a 1909 SF 3/2 apartment w/ screened deck. The restaurant space features an open floor plan w/ high ceilings, exposed brick walls, built-out kitchen, walk-in cooler and delivery access. Its location offers excellent visibility and accessibility, making it a hot spot for both locals and visitors. Park across the street is undergoing a $1MM expansion. Steps from the future Saluda Grade Trail, a soon-to-be-constructed rails to trails project. Golden opportunity to own property in a town with ample hiking, waterfalls, whitewater kayaking, rafting, tubing and zip lining

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Commercial Active

Price

$ 994,950

Bedrooms

Studio

Full Bath

5

Property Type

Commercial

Taxes

$ 0

Style

Food/Beverage

Lot Size

0.06

Year Built

1990

Town/City

Saluda

County/Region

Polk

MLS | Web ID

4080295

Features
General
Sewer Public Sewer
Heating Electric Propane
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Connected Fiber Optics Propane Wired Internet Available
Roof Flat Rubber
Appliances Dishwasher Electric Oven Electric Water Heater Exhaust Hood Freezer Propane Water Heater Refrigerator Washer/Dryer
Zoning CH
Construction Materials Brick Full
Year Built 1990
Property SubType Food/Beverage
Gross Income 69600
Elevation 2000
Waterfront Features None
Accessibility Two or More Access Exits Bath 60 Inch Turning Radius Bath Grab Bars Door Width 32 Inches or More
County Polk
Net Operating Income 59889
Operating Expense 9711
New Construction N
Property Type Commercial Sale
Possible Use Commercial Multi-Family Recreational Residential
City Saluda
Total Units 3
Number of Units Leased 3
Street Name Main
Standard Status Active
Construction Type Site Built
Restrictions No Representation Short Term Rental Allowed
Tax Assessed Value 341621
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Interior
Flooring Carpet Tile Wood
Street Suffix Street
Total Baths 5
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Exterior
Parking Features Assigned On Street
Water Source City
Total Parking 2
Inclusions Building Equipment Fixtures
Lot Size Area 0.06
Foundation Details Crawl Space
Number of Buildings 1
Building Area Total 3778
Road Surface Type Paved
Other Parking There are 2 designated parking spaces for tenants behind the building. Restaurant clientele utilizes street parking and a community lot across the street.
Lot Size Units Acres
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
Road Frontage 26
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Looking Glass Realty, Saluda

Broker

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$6,950
Per Month
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0%
Monthly Principal & Interest
$6,950
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$994,950 -0.50% Price Down
2/21/2024$999,950 -20.00% Price Down
10/26/2023$1,250,000 Listed Price

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40 Main Street E, Saluda, NC, 28773 is a Commercial Property for sale at $994,950 with 3,778 sqft and a lot size of 0.06. 40 Main Street E is a studio with 5.0 baths and was built in 1990. The property's zip code is 28773 which is in Saluda, NC