111 Bank StSanford, NC 27332

Property Details for 111 Bank St

Year built

2004

Lot size

1.47 AC

Property size (Sq ft)

3,696 SF

Property type

Car washes

APN

9652-71-2110-00

APU

965271211000

Description

This exceptional 4,500-square-foot retail space is ideally situated at 111 Bank Street in Sanford, North Carolina, within Lee County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a unique opportunity for businesses seeking a prominent location. The building's total square footage is 4,500 square feet, offering ample space for a variety of retail ventures. Its convenient location in Sanford provides excellent visibility and accessibility for customers. The property is classified as commercial retail and is perfect for a business seeking a standalone presence. The address is 111 Bank Street, Sanford, NC 27332, with GPS coordinates of 35.4565019 latitude and -79.1437188 longitude. This is a single-tenant space, eliminating the complexities of multi-tenant management. The property is available for lease, offering a blank canvas for a business to establish its brand and presence in a thriving community. The building's size and layout provide flexibility for customization to meet specific business needs. This is an excellent opportunity to secure a high-visibility retail location in a desirable area of Sanford. Serious inquiries are encouraged to explore this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,406,122

  6.5%

  $1,297,958

  7%

  $1,205,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,128,327

  Geo Method

  $2,137,917

• Alternative Use

  Use

  Valuation

  Residential

  $1,094,876

  Hospitality

  $1,002,901

  Educational

  $834,402

  Medical

  $863,098

  Retail

  $1,297,958

Location Insight

City

Sanford

County

Lee

State

North Carolina

Latitude

35.4565

Longitude

-79.1437

CBSA code

41820

CBSA name

SANFORD, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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