2003 Boulevard StGreensboro, NC 27407

Property Details for 2003 Boulevard St

Year built

1984

Construction

FRAME

Lot size

0.01 AC

Property size (Sq ft)

625 SF

Zone code

O

Property type

Office properties

Property subtype

Other office properties

APN

61164

APU

61164

Description

This exceptional Greensboro office building, located at 2003 Boulevard Street, presents a compelling investment opportunity at a significantly reduced price of $150,000. The property boasts ample space, ideal for a variety of business uses. A key advantage is the presence of an existing tenant who has expressed a desire to remain, providing immediate and consistent rental income. This translates to a low-risk, potentially high-return investment for a savvy buyer. The building's size is not specified, however, the reduced price reflects a strong incentive for a quick sale. The property sits on a lot of zero acres, suggesting a compact and potentially easily managed footprint. The building's current occupancy status ensures a steady cash flow from the outset, minimizing vacancy periods and maximizing return on investment. This is a rare opportunity to acquire a well-located, income-producing office building in a thriving Greensboro market. The reduced price point makes this an attractive proposition for investors seeking a stable and profitable addition to their portfolio. Serious inquiries are encouraged to explore this promising investment opportunity further. Contact us today to schedule a viewing and learn more about this exceptional property. The building's precise square footage will be provided upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $68,570

  6.5%

  $63,295

  7%

  $58,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $79,333

  Geo Method

  $143,462

• Alternative Use

  Use

  Valuation

  Residential

  $78,486

  Hospitality

  $71,893

  Educational

  $59,814

  Medical

  $61,871

  Retail

  $93,044

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0409

Longitude

-79.8512

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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