1408 Greenway CtSanford, NC 27330

Property Details for 1408 Greenway Ct

Year built

2007

Lot size

0.84 AC

Property size (Sq ft)

6,240 SF

Zone code

OFFICE & INSTITUTIONAL

Property type

Medical offices

Property subtype

Medical centers

APN

9643-78-0840-00

APU

964378084000

Description

This exceptional freestanding medical office building, located at 1408 Greenway Ct in Sanford, NC, presents a unique investment opportunity. The 6,240 square foot, single-story building sits on a 0.95-acre lot and boasts ample surface parking. Constructed in 2007, the property is zoned OI and features a well-designed layout including several private offices, a conference room, and a breakroom. Its strategic location within Pine Ridge Office Park offers easy access to Highway 421, providing convenient commutes to Lillington and the greater Triangle area (Raleigh, Durham). The building is less than five minutes from historic downtown Sanford, known for its vibrant culinary scene, breweries, unique shops, and lively events. The asking price is $1,500,000, translating to $240.38 per square foot. The property's Property Identification Number (PIN) is 9643-78-0840-00. This property is ideal for a variety of uses and offers a compelling combination of location, size, and amenities. A lease option is also available at $20.00 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,614,947

  6.5%

  $1,490,720

  7%

  $1,384,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,425,904

  Geo Method

  $1,432,330

• Alternative Use

  Use

  Valuation

  Residential

  $1,848,493

  Hospitality

  $1,693,209

  Educational

  $1,408,730

  Medical

  $1,457,179

  Retail

  $2,191,358

Location Insight

City

Sanford

County

Lee

State

North Carolina

Latitude

35.505

Longitude

-79.1779

CBSA code

41820

CBSA name

SANFORD, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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