1923 Wc Braswell RdPrinceton, NC 27569

Property Details for 1923 Wc Braswell Rd

Year built

1967

Lot size

0.83 AC

Property size (Sq ft)

1,080 SF

Zone code

COM

Property type

Auto shops

APN

04010032E

APU

04010032E

Description

This exceptional 0.83-acre mixed-use property at 1923 Wc Braswell Road, Unit 1923, Princeton, NC, presents a remarkable investment opportunity. Boasting a prime corner location with convenient access to Highway 70, this property is ideally suited for a diverse range of commercial ventures. Currently featuring a 1,080 square foot service garage and two additional units, the existing structures offer flexibility. Entrepreneurs can leverage the existing buildings or remove them entirely to create a blank canvas for their vision. The high visibility and accessibility make this location perfect for a mechanics shop, retail store, car lot, or numerous other commercial uses. The expansive 0.83-acre lot provides ample space for expansion, parking, and outdoor operations. The property's strategic location and versatile configuration offer significant potential for growth and profitability. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area with exceptional highway access. The possibilities are truly limitless. Don't miss this chance to secure a prime piece of commercial real estate in Princeton, NC. The asking price is $220,000.

• CAP approach

  CAP return

  Valuation

  6%

  $384,825

  6.5%

  $355,223

  7%

  $329,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $720,466

  Geo Method

  $624,716

• Alternative Use

  Use

  Valuation

  Residential

  $299,644

  Hospitality

  $274,472

  Educational

  $228,358

  Medical

  $236,211

  Retail

  $355,223

Location Insight

City

Princeton

County

Johnston

State

North Carolina

Latitude

35.4707

Longitude

-78.2193

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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