156 Cecil StThomasville, NC 27360

Property Details for 156 Cecil St

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.93 AC

Property size (Sq ft)

5,037 SF

Zone code

HC

Property type

Commercial real estate

APN

16-312-C-000-0001-A

APU

16312C0000001A

Description

This exceptional 4,000 square foot commercial property in Thomasville, North Carolina, presents a unique investment opportunity. Currently operating as a successful dog boarding facility, this versatile space offers a blend of established business and prime real estate. Situated on a spacious 1.93-acre lot, the property boasts well-defined areas for kennels, offices, and common spaces, ensuring optimal functionality and comfort for both canine guests and staff. The kennel bays are thoughtfully designed for maximum space and ease of use. Convenient amenities include a welcoming reception area, dedicated staff offices, restrooms, and ample parking for clients. The property's HC zoning designation allows for a variety of uses, opening doors to expansion of the existing business or exploration of alternative commercial ventures. Its strategic location between High Point and Thomasville provides excellent accessibility and visibility. The asking price for this turnkey operation and real estate is $575,000. This presents a rare chance to acquire a profitable business with significant growth potential in a desirable location. The property's size and zoning flexibility make it an attractive investment for both seasoned entrepreneurs and newcomers to the commercial real estate market. Don't miss this opportunity to own a thriving business and valuable real estate in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $626,300

  6.5%

  $578,124

  7%

  $536,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,361

  Geo Method

  $852,966

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,290,030

  Retail / Commercial

  $631,797

  Mixed-Use / Specialty

  $606,122

  Hospitality / Lodging

  $414,196

  Office

  $578,124

  Institutional / Educational

  $621,750

  Residential Income

  $727,448

  Multifamily

  $1,002,320

  Automotive / Energy

  $532,929

  Parking / Income-Based Land

  $207,049

  Restaurant / Food Service

  $265,258

  Healthcare / Senior Housing

  $645,587

Location Insight

City

Thomasville

County

Davidson

State

North Carolina

Latitude

35.9309

Longitude

-80.0499

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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