140 Main StOxford, NC 27565

  • Retail properties
  • 5,311 SF
For Sale
$1,200,000 View listing

Property Details for 140 Main St

Year built
1970
Lot size
0.74 AC
Property size (Sq ft)
5,311 SF
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,166,981
    6.5%
    $1,077,213
    7%
    $1,000,269
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,072,099
    Geo Method
    $3,072,099
  • Alternative Use

    Use
    Valuation
    Residential
    $908,670
    Hospitality
    $832,336
    Educational
    $692,494
    Medical
    $716,310
    Retail
    $1,077,213
140 Main St, Oxford, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$15,506
$242,079
$412,865
$654,944
-
$242,079
$412,865
$654,944

FAQs

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