Price Reduced! Historic mixed-use investment and redevelopment opportunity in the heart of West Nottingham. Formerly home to the well-known Demmons Store, this landmark property has served the community for generations and continues to house the local Post Office within the building. Once a stagecoach stop and then a recognizable gathering place and longtime centerpiece of the village, the property offers a unique blend of history, visibility, and future potential. The building includes commercial space along with a 3 bedroom residential apartment and presents a rare opportunity for investors, developers, entrepreneurs, or preservation-minded buyers. Whether your vision is to revitalize the storefront, maintain a mixed-use presence, create income-producing residential units, pursue multifamily investment potential, or undertake a larger redevelopment project, the possibilities are numerous, subject to local approvals. While the property's rich history is an important part of its appeal, future ownership is not dependent on recreating its past use, offering flexibility for a variety of investment and development strategies. The existing property requires significant rehabilitation and is best suited for those prepared to undertake a substantial renovation or redevelopment effort. With its mixed-use designation, prominent location, and deep roots in Nottingham's history, this is a unique opportunity to reimagine a cherished local landmark while preserving its connection to the community.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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