140 Main StOxford, NC 27565

Property Details for 140 Main St

Year built

1970

Lot size

0.74 AC

Property size (Sq ft)

5,311 SF

Property type

Banks

APN

192317122158

APU

192317122158

Description

This exceptional 8,726 square foot commercial building, situated on a 0.74-acre lot in historic downtown Oxford, NC, presents a unique investment opportunity. Previously a bank, this adaptable space, renovated in 2000, offers versatile potential for various uses, including multiple offices, a daycare center, or other businesses. The property boasts a 47x21 tiled lobby, eleven glass-front offices (some 11x11), two 17x12 conference rooms, a 16x13 steel vault, plus two additional safes, a 17x10 break room, and a 46x7 electrical storage room. Two bathrooms are also included. The expansive lot features a 375-foot depth, a detached 250 square foot teller building, three covered drive-thrus, and 50 paved parking spaces, supplemented by ample street parking. Benefit from the extremely high traffic area adjacent to the post office and within walking distance of numerous businesses, restaurants, and shopping options. The property is ready for immediate occupancy. Lease terms are negotiable, with a minimum lease period of 3-5 years.

• CAP approach

  CAP return

  Valuation

  6%

  $948,081

  6.5%

  $875,151

  7%

  $812,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,267,850

  Geo Method

  $1,267,850

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,750,820

  Mixed-Use / Specialty

  $854,176

  Hospitality / Lodging

  $603,435

  Office

  $830,504

  Institutional / Educational

  $881,618

  Residential Income

  $1,031,490

  Multifamily

  $1,336,100

  Automotive / Energy

  $755,672

  Parking / Income-Based Land

  $278,414

  Restaurant / Food Service

  $406,157

  Healthcare / Senior Housing

  $894,252

Location Insight

City

Oxford

County

Granville

State

North Carolina

Latitude

36.3105

Longitude

-78.5885

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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