1019 Andrews AveHenderson, NC 27536

Property Details for 1019 Andrews Ave

Year built

1972

Lot size

0.87 AC

Property size (Sq ft)

1,058 SF

Property type

Retail space

APN

0081 02026

APU

8102026

Description

This exceptional 1,058 square foot commercial property located at 1019 E Andrews Avenue in Henderson, NC, presents a unique investment opportunity. Situated on a 0.87-acre lot, this versatile space offers high visibility and easy access from major roads, making it an ideal location for a variety of businesses. Currently leased, the lease is set to expire in the near future, providing a timely opportunity for new ownership to implement their vision. The open layout allows for significant customization, catering to diverse business needs, from retail operations and dealerships to office spaces and other unique ventures. The property's prime location ensures convenient access to surrounding amenities, attracting a substantial customer base. This is a rare chance to acquire a well-positioned commercial property in a thriving area of Henderson, NC. The property's size and location make it an attractive investment for entrepreneurs and business owners seeking a strategic foothold in a growing market. The soon-to-expire lease presents a clean slate for the next owner to tailor the space to their specific requirements and maximize its potential. This property offers a blend of immediate income potential and long-term growth prospects. The asking price is $289,999.

• CAP approach

  CAP return

  Valuation

  6%

  $263,756

  6.5%

  $243,467

  7%

  $226,076

• Comparable approach

  Method

  Valuation

  Relative Method

  $611,990

  Geo Method

  $611,990

• Alternative Use

  Use

  Valuation

  Residential

  $205,373

  Hospitality

  $188,121

  Educational

  $156,514

  Medical

  $161,897

  Retail

  $243,467

Location Insight

City

Henderson

County

Vance

State

North Carolina

Latitude

36.323

Longitude

-78.3892

CBSA code

25780

CBSA name

HENDERSON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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