206 Frazier AveLiberty, NC 27298

Property Details for 206 Frazier Ave

Year built

1970

Construction

WOOD FRAME

Lot size

9.20 AC

Property size (Sq ft)

4,884 SF

Zone code

I

Property type

Office buildings

APN

8736125473

APU

8736125473

Description

This exceptional 99,567-square-foot industrial manufacturing facility, situated on a 7-acre lot in Liberty, North Carolina, presents a compelling investment opportunity. The property, currently occupied by Charter Furniture under a proposed five-year leaseback agreement for two of the six buildings, comprises five industrial buildings and one office building. Built in 1970, the facility boasts 15-foot ceilings and is zoned for industrial use. Its prime location offers significant advantages, including adjacency to the Norfolk Southern rail line, with potential for a spur installation to provide direct rail service (proposal available). The property's designation as an Opportunity Zone provides substantial tax benefits for long-term investors. Furthermore, surplus land allows for additional trailer parking, enhancing operational flexibility. The property's APN is 8736-12-5473. This is a Class C building. The asking price is $2,900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,212,730

  6.5%

  $1,119,444

  7%

  $1,039,483

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,117,041

  Geo Method

  $1,121,073

• Alternative Use

  Use

  Valuation

  Residential

  $1,388,110

  Hospitality

  $1,271,501

  Educational

  $1,057,874

  Medical

  $1,094,256

  Retail

  $1,645,582

Location Insight

City

Liberty

County

Randolph

State

North Carolina

Latitude

35.8433

Longitude

-79.5683

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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