707 Webb AveBurlington, NC 27217

Property Details for 707 Webb Ave

Year built

1910

Lot size

0.26 AC

Property size (Sq ft)

9,669 SF

Zone code

I 3

Property type

Warehouses

APN

136896

APU

136896

Description

This exceptional 13,961 square foot building, situated on a 0.39-acre lot at 707 E Webb Ave, Burlington, NC, presents a unique leasing opportunity. The property, originally constructed in 1910, boasts a rich history and offers adaptable space suitable for retail, office, or warehouse use. The two-story building features 10,714 square feet of above-grade space and 3,247 square feet of below-grade space, divisible to a minimum of 2,500 square feet. The property includes one loading dock with one dock-high door and ample parking for 15 vehicles. Located in Alamance County, this prime location on Webb Avenue offers high visibility and convenient access to major transportation routes. It's within easy reach of Durham, Chapel Hill, Greensboro, Raleigh, and Winston-Salem, making it ideal for businesses seeking a central location. The building retains historic charm with hardwood floors throughout much of the space and features hanging gas heaters. The below-grade space offers significant storage potential, with the possibility of adding a cargo elevator for enhanced accessibility. This adaptable space, previously used as a mill, church, and thrift store, offers a unique blend of character and practicality. The property is currently fully vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,023,260

  6.5%

  $3,713,780

  7%

  $3,448,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,551,080

  Geo Method

  $3,551,080

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,851,500

  Mixed-Use / Specialty

  $1,803,200

  Hospitality / Lodging

  $1,268,670

  Office

  $1,749,060

  Institutional / Educational

  $1,859,700

  Residential Income

  $2,175,850

  Multifamily

  $2,840,750

  Automotive / Energy

  $1,594,030

  Parking / Income-Based Land

  $591,274

  Restaurant / Food Service

  $848,873

  Healthcare / Senior Housing

  $1,891,910

Location Insight

City

Burlington

County

Alamance

State

North Carolina

Latitude

36.0877

Longitude

-79.4298

CBSA code

15500

CBSA name

BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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