201 Elm Street

Great Opportunity with multiple possibilities! Located on the downtown plaza. Storefront faces the plaza, however there is a side entrance (2nd Street) that has an attached office. The first floor of this building encompasses approximately 3,000 sq. feet and there are two additional floors above with each containing approximately 3,000 sf each. Overall, the total square footage is approximately 9,000 sf. Current tax records show the building was constructed in 1924, however, the National Register of Historic Places indicate the building was believed to be constructed in 1908. The attic red brick highlights the original characteristics, with arched windows on the second street side, and the Elm Street elevation has a mottled brick veneer and a "colonial" multi-light bay window. The upper story of the main elevation has tall arched windows. A recessed panel between the center second and third story windows is ornamented by an elaborate stone cartouche. Historical possibilities may be a consideration with possible rehab tax credits, but it would have to be verified and determined by the NC State Historic Preservation Office in Raleigh. (Jeff Adolphsen is a contact in that office). Downtown facade grants could possibly be a consideration as well. Prospective buyer would have to verify and/or apply for either the facade grant and/or historical consideration of rehab tax credits. SOLD "AS IS". Zoning is B-1 (central business) district. MLS shows C-2 Central Business (MLS does not have option of B-1)