207 Main StJamestown, NC 27282

Property Details for 207 Main St

Year built

1995

Construction

FRAME

Lot size

2.88 AC

Property size (Sq ft)

4,893 SF

Zone code

C

Property type

Office properties

Property subtype

Other office properties

APN

160672

APU

160672

Description

This exceptional redevelopment opportunity presents a unique blend of history and potential. Located at 207 & 209 W Main Street in Jamestown, North Carolina, this property encompasses a substantial 2.18-acre lot featuring a charming, two-story building totaling 2,170 square feet. Built in 1913, the structure currently operates as a restaurant. The property's zoning allows for both office and residential uses, presenting a versatile canvas for a discerning investor. The combined ownership structure offers significant flexibility. The substantial lot size provides ample space for expansion or the development of complementary commercial ventures. This prime location in Jamestown, NC (zip code 27282) offers excellent visibility and accessibility, making it an ideal setting for a professional office or a new commercial business. The existing building's character provides a strong foundation for a creative renovation project, while the expansive lot offers significant room for growth and expansion. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential. The asking price is $699,000.

• CAP approach

  CAP return

  Valuation

  6%

  $536,820

  6.5%

  $495,526

  7%

  $460,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,083

  Geo Method

  $1,123,139

• Alternative Use

  Use

  Valuation

  Residential

  $614,452

  Hospitality

  $562,835

  Educational

  $468,272

  Medical

  $484,376

  Retail

  $728,423

Location Insight

City

Jamestown

County

Guilford

State

North Carolina

Latitude

35.9964

Longitude

-79.9363

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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