946 Chapman StGreensboro, NC 27403

  • Other commercial real estate
  • 4,218 SF
For Sale
$767,676 View listing

Property Details for 946 Chapman St

Year built
1950
Construction
FRAME
Lot size
0.25 AC
Property size (Sq ft)
4,218 SF
Zone code
C-M
Property type
Other commercial real estate
APN
15738
APU
15738

Description

This Greensboro, NC commercial property presents a compelling investment opportunity. Located at 946 S Chapman St, this single-tenancy auto shop boasts 4,218 square feet on a 0.25-acre lot. The building, constructed in 1950, features a 2,898 square foot conditioned warehouse and a 1,320 square foot office/showroom area, complete with two convenient drive-in doors. The property is situated in a prime location between Gate City Blvd and Spring Garden Rd, offering excellent proximity to I-40 for easy access. Its strategic location also places it within walking distance of the Greensboro Coliseum and Aquatic Center, ensuring high visibility and accessibility. Currently operating under a NNN lease expiring December 30, 2027, the property offers a strong 8.00% cap rate with a Net Operating Income (NOI) of $61,414 and an asking price of $767,676. This Class C retail property represents a solid investment for discerning buyers seeking a well-located, established business in a thriving area. The one-story building provides ample space for a variety of automotive-related businesses or adaptable uses. This is a rare opportunity to acquire a well-positioned property with a proven track record in a high-traffic area of Greensboro.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $529,687
    Hospitality
    $485,190
    Educational
    $403,673
    Medical
    $417,556
    Retail
    $627,935
946 Chapman St, Greensboro, North Carolina

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0624
Longitude
-79.8241
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,003
$110,000
$48,400
$158,400
-
$110,000
$48,400
$158,400

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].