1576 Us Highway 158Macon, NC 27551

Property Details for 1576 Us Highway 158

Year built

1946

Lot size

0.15 AC

Property size (Sq ft)

1,032 SF

Property type

Office properties

APN

G5D 84

APU

G5D84

Description

This 1,290 square foot mixed-use building, located at 1576 US Hwy 158 E in Macon, NC, presents a unique investment opportunity. Currently used for storage, its history includes a period as a service station in the mid-20th century. The property sits on a 0.15-acre lot and is zoned NB (Neighborhood Business), although the lot size is non-conforming under the current zoning ordinance. A Phase I environmental report is available, noting the presence of underground storage tanks (USTs). A survey is currently underway, with the plat expected to be available after the holiday season. The building's sturdy cinderblock construction offers adaptability for various uses, including a workshop, hobby space, or continued use as storage. This property is being offered for sale concurrently with an adjacent home (MLS 10068235), and potentially as part of a larger package including another property (MLS 10068243). Please note that this building cannot be sold independently until the sale of the adjacent home at 111 Elm Street is finalized. This presents a compelling opportunity for buyers interested in a combined property acquisition. The price for this mixed-use building is $85,000.

• CAP approach

  CAP return

  Valuation

  6%

  $231,526

  6.5%

  $213,716

  7%

  $198,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $265,835

  Geo Method

  $236,885

• Alternative Use

  Use

  Valuation

  Residential

  $265,008

  Hospitality

  $242,746

  Educational

  $201,962

  Medical

  $208,907

  Retail

  $314,163

Location Insight

City

Macon

County

Warren

State

North Carolina

Latitude

36.4375

Longitude

-78.0875

Property Tax & Assessments

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