900 Spence AveGoldsboro, NC 27534

Property Details for 900 Spence Ave

Year built

1999

Construction

STEEL FRAME

Lot size

0.46 AC

Property size (Sq ft)

5,355 SF

Zone code

GB

Property type

Grocery and convenience stores

APN

3519366544

APU

3519366544

Description

This 5,355 square foot retail property, located at 900 N. Spence Avenue in Goldsboro, North Carolina, presents a compelling investment opportunity. Built in 1999, the Class B property is situated at the intersection of N. Spence Avenue and US-70, offering exceptional visibility and accessibility. A full-service traffic light at the main entrance ensures high traffic flow and convenient access for customers. The property currently features multiple tenants and includes 1,360 square feet of vacant space, ideal for a variety of retail uses. The available space totals 2,400 square feet. This location is part of Wayne County's thriving retail hub, benefiting from its proximity to Seymour Johnson Air Force Base and rapidly growing suburban areas. The property's strategic location and ample space make it an attractive option for businesses seeking high visibility and convenient access to a substantial customer base. The property is categorized as a storefront, strip center, and community center, offering versatility for potential tenants. The property is located in Wayne County, North Carolina, with a zip code of 27534.

• CAP approach

  CAP return

  Valuation

  6%

  $1,575,330

  6.5%

  $1,454,150

  7%

  $1,350,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,474,290

  Geo Method

  $1,278,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,935,960

  Mixed-Use / Specialty

  $1,408,470

  Hospitality / Lodging

  $980,630

  Office

  $1,357,930

  Institutional / Educational

  $1,449,770

  Residential Income

  $1,696,230

  Multifamily

  $2,258,870

  Automotive / Energy

  $1,242,660

  Parking / Income-Based Land

  $468,837

  Restaurant / Food Service

  $646,133

  Healthcare / Senior Housing

  $1,485,890

Location Insight

City

Goldsboro

County

Wayne

State

North Carolina

Latitude

35.3846

Longitude

-77.9477

CBSA code

24140

CBSA name

GOLDSBORO, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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