Property Description

Investment property for sale located in Downtown Catawba, previously the old Sherrill's Tobacco Building. The main level has been used as an event center offering a bar area, eating/sitting areas and a stage used for entertaining. Separate men's & women's bathrooms come each with dual vanity sinks. Men's bathroom has 1 2 urinals and 1 toilet stall. The women's bathroom has 3 toilets with stalls. The back of the main level has a prep room which previously shared the kitchen in the adjoining building. A great set up for catered events. Currently being used as a Retail clothing store. The 2nd level has 2 residential units currently rented at $1,300 per month. The 3rd level is a hollow shell and can be upfitted for many different possibilities. Can be converted into 2 more residential units or one large penthouse unit. Hydraulic freight elevator (not currently in use) 2 residential units currently being rented on upper / second level with lease agreements. Please allow advance notice for showings. 2 current rentals are month to month but apartment a is a one year up in Aug 2026. Roof was updated in 2021/2022 +/-. Apartment A second level has updated Heating & Air unit 2024 +/-, unknown age of hot water heater in this unit. Apartment B second level has heating & air unit updated approx. 2021 +/- and 2025 electric hot water heater. First floor units replaced in 2023 +/-. Historic Preservation NC has first right of Refusal but when talking with them they are not interested in exercising this right. We will need then to sign off once offer is received. 2 PIN being sold together - one is for the extra parking lot behind the Pinnacle three-story building.

Property Features