333 Main StYanceyville, NC 27379

Property Details for 333 Main St

Year built

1971

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

2,296 SF

Property type

Grocery and convenience stores

APN

1004.00.04.0002.0000

APU

1004000400020000

Description

This exceptional investment opportunity presents a tenant-occupied gas station located at 333 Main St, Yanceyville, NC 27379. The property is listed at $475,000 and boasts a current monthly rental income of $2,650, secured by a lease extending to mid-2033. The tenant is open to negotiating with serious buyers. This strategically positioned property enjoys excellent visibility and convenient access in downtown Yanceyville. The accompanying convenience store features a substantial interior space, complete with an eight-door walk-in cooler and existing kitchen equipment, ready for immediate use. Importantly, the property operates without a long-term gas contract; fuel is currently supplied on a month-to-month basis, offering flexibility for future operations. The property's square footage is 1 square foot, which is likely a data entry error and should be verified independently. The property's true size should be confirmed through further due diligence. This presents a unique chance to acquire a well-established, income-generating asset in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $504,498

  6.5%

  $465,690

  7%

  $432,427

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,328,100

  Geo Method

  $1,328,100

• Alternative Use

  Use

  Valuation

  Residential

  $392,827

  Hospitality

  $359,828

  Educational

  $299,372

  Medical

  $309,668

  Retail

  $465,690

Location Insight

City

Yanceyville

County

Caswell

State

North Carolina

Latitude

36.4048

Longitude

-79.3406

Property Tax & Assessments

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