901 College StOxford, NC 27565

Property Details for 901 College St

Year built

1959

Lot size

0.34 AC

Property size (Sq ft)

1,755 SF

Zone code

R15

Property type

Retail properties

Property subtype

Gas stations

APN

191312962631

APU

191312962631

Description

This exceptional 0.34-acre commercial lot, located at 901 College St in Oxford, North Carolina (27565), presents a unique investment opportunity. Priced at $275,000, this property boasts a prime location in the Neighborhood Business District, benefiting from high traffic counts at the corner of College Street, Highway 15, and Roxboro Road/Highway 158 W. Previously a service station, the underground tanks have been professionally removed and approved by the North Carolina Department of Environmental Quality, subject to restrictions (see documents). The zoning allows for a variety of uses, including retail, offices, medical clinics, veterinary services, restaurants, indoor amusement facilities, studios, storage, and nurseries. Detailed zoning information is available in the provided documents. Conveniently located near restaurants, a Food Lion shopping center, a hospital, daycare, and a dental office, this property is ready for complete renovation to suit the buyer's needs. Engineer drawings for a hair salon/office are also included in the provided documents. Easy access from I-85 N, Exit 204.

• CAP approach

  CAP return

  Valuation

  6%

  $385,624

  6.5%

  $355,961

  7%

  $330,535

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,015,164

  Geo Method

  $1,015,164

• Alternative Use

  Use

  Valuation

  Residential

  $300,266

  Hospitality

  $275,042

  Educational

  $228,832

  Medical

  $236,702

  Retail

  $355,961

Location Insight

City

Oxford

County

Granville

State

North Carolina

Latitude

36.3227

Longitude

-78.5953

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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