829 Albemarle RdTroy, NC 27371

Property Details for 829 Albemarle Rd

Year built

2001

Lot size

0.52 AC

Property size (Sq ft)

1,320 SF

Zone code

FAST FOOD RESTAURANT

Property type

Drive through restaurants

APN

7528 16 93 3673

APU

752816933673

Description

This exceptional 1,350-square-foot freestanding building presents a remarkable opportunity for a savvy investor or entrepreneur. Located at 829 Albemarle Road in Troy, North Carolina (zip code 27371), this vacant property sits on a 0.51-acre lot and enjoys excellent visibility due to its prime location on Albemarle Road (Highway 24/27), a busy thoroughfare. Previously occupied by a Domino's Pizza, the building is well-suited for a variety of uses, including restaurants, medical offices, or other retail businesses. Its convenient location offers significant advantages, including proximity to Atrium Health Primary Care Troy Family Medicine, ensuring high foot traffic and potential customer base. The property is offered at an attractive asking price of $199,000, and is available as a NNN lease. The building's single-story design and ample parking provide convenience and accessibility. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Troy, North Carolina. Don't miss out on this chance to establish your business in a high-visibility location with significant growth potential. The property is currently vacant, allowing for immediate occupancy and customization to suit your specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $212,885

  6.5%

  $196,509

  7%

  $182,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,230

  Geo Method

  $563,293

• Alternative Use

  Use

  Valuation

  Residential

  $165,763

  Hospitality

  $151,838

  Educational

  $126,327

  Medical

  $130,672

  Retail

  $196,509

Location Insight

City

Troy

County

Montgomery

State

North Carolina

Latitude

35.3504

Longitude

-79.9073

Property Tax & Assessments

FAQs

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