702 Morgan RdEden, NC 27288

  • Retail properties
  • 4,930 SF
For Sale
$250,000 View listing

Property Details for 702 Morgan Rd

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.62 AC
Property size (Sq ft)
4,930 SF
Zone code
GEN BUS EDEN
Property type
Retail properties
Property subtype
Auto shops
APN
7070-07-68-0438-00
APU
70700768043800

Description

This Eden, NC industrial property, located at 702 Morgan Road, is offered at $250,000. Currently configured as an automotive body repair shop, the building is immediately ready for occupancy. The approximately 200 square foot building features several offices, a paint booth, and two bathrooms. The zoning (D) allows for a variety of business uses, providing flexibility for potential buyers. The square footage is approximate, with county records indicating 7200 square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $795,092
    6.5%
    $733,931
    7%
    $681,507
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,576,964
    Geo Method
    $2,851,713
  • Alternative Use

    Use
    Valuation
    Residential
    $619,098
    Hospitality
    $567,091
    Educational
    $471,813
    Medical
    $488,039
    Retail
    $733,931
702 Morgan Rd, Eden, North Carolina

Location Insight

City
Eden
County
Rockingham
State
North Carolina
Latitude
36.5184
Longitude
-79.762
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,734
$40,576
$92,302
$132,878
-
$40,576
$92,302
$132,878

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