1006 Main StBurlington, NC 27215

Property Details for 1006 Main St

Year built

1965

Lot size

0.84 AC

Property size (Sq ft)

1,452 SF

Zone code

O I

Property type

Office buildings

APN

125960

APU

125960

Description

This exceptional office building, situated at 1006 S Main Street in Burlington, NC, presents a compelling investment opportunity. The property boasts a prime location, offering convenient access to downtown Burlington's amenities and vibrant business community. The building itself sits on a nearly one-acre corner lot, providing ample space and visibility. A fenced backyard enhances privacy and security, while also offering additional outdoor space. The interior comprises approximately 600 square feet of versatile office space, including a welcoming front office area, two large rooms adaptable to various uses, a dedicated conference room perfect for meetings and presentations, a small kitchen for staff convenience, and two bathrooms. Adding to the property's unique features is a 600-square-foot greenhouse located in the backyard, offering potential for various uses. The building is further enhanced by a new roof installed in 2021, ensuring long-term structural integrity and minimizing maintenance concerns. This property is ideal for a variety of businesses seeking a well-maintained, spacious, and conveniently located office space in a thriving North Carolina city. The combination of prime location, ample space, and recent improvements makes this an attractive investment opportunity. The nearly one-acre lot offers potential for future expansion or development. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $251,086

  6.5%

  $231,771

  7%

  $215,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,292

  Geo Method

  $333,292

• Alternative Use

  Use

  Valuation

  Residential

  $287,397

  Hospitality

  $263,254

  Educational

  $219,024

  Medical

  $226,557

  Retail

  $340,704

Location Insight

City

Burlington

County

Alamance

State

North Carolina

Latitude

36.0885

Longitude

-79.4442

CBSA code

15500

CBSA name

BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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