2013 Fayetteville StAsheboro, NC 27205

Property Details for 2013 Fayetteville St

Year built

1974

Lot size

1.71 AC

Property size (Sq ft)

15,106 SF

Zone code

B2

Property type

Investment properties

Property subtype

Retail residential properties

APN

7750720774

APU

7750720774

Description

This exceptional investment opportunity presents a substantial 17,000 square foot commercial building ideally situated in a bustling South Asheboro location. The property boasts a prime position ensuring high visibility and accessibility for any business. The main building is versatile, suitable for a variety of uses including retail, office space, or other commercial ventures. Adding to its appeal is a separate, well-maintained 4,900 square foot brick office complex, constructed in 1998, featuring eight individual office spaces. This secondary structure provides additional income potential and flexibility. The entire property is currently under lease, generating consistent rental income. Detailed lease information is available upon request. This is a rare chance to acquire a fully leased, high-performing commercial property in a thriving area, offering significant return on investment. The property's size and diverse layout make it an attractive prospect for both seasoned investors and those seeking a stable, income-generating asset. The strategic location within a busy commercial zone ensures continued high traffic and visibility, maximizing the potential for future growth and profitability. This turnkey investment requires minimal effort to maintain its current high occupancy rate and strong cash flow. Don't miss this opportunity to secure a valuable asset in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,055,059

  6.5%

  $1,896,977

  7%

  $1,761,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,972,046

  Geo Method

  $5,374,518

• Alternative Use

  Use

  Valuation

  Residential

  $1,896,977

  Hospitality

  $1,737,621

  Educational

  $1,445,680

  Medical

  $1,495,400

  Retail

  $2,248,836

Location Insight

City

Asheboro

County

Randolph

State

North Carolina

Latitude

35.6783

Longitude

-79.8178

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].