105 Sharpe StSelma, NC 27576

Property Details for 105 Sharpe St

Year built

1945

Lot size

0.53 AC

Property size (Sq ft)

11,014 SF

Zone code

IND

Property type

Auto shops

APN

14028073

APU

14028073

Description

This vacant industrial warehouse, located at 105 N Sharpe St in Selma, North Carolina, presents a compelling investment opportunity. The property boasts 11,089 square feet of space, situated on a 0.53-acre lot, and is zoned I-1. The building features five dock-high doors, ideal for efficient loading and unloading of goods, and offers ample space for large trucks. A fenced-in, secured outdoor yard provides additional storage and parking. The interior comprises 10,010 square feet of ground floor space and an additional 1,079 square feet on the second floor, suitable for various industrial uses. The asking price is $770,000, translating to $69.44 per square foot. This property benefits from its proximity to Highway 70 and is conveniently located just nine minutes from the highway. Furthermore, its location near Eastfield Crossing, a substantial mixed-use development encompassing retail, medical, professional, hospitality, entertainment, and senior living spaces, offers significant potential for growth and increased property value. The property's strategic location and versatile design make it an attractive option for a wide range of industrial businesses. The zip code is 27576.

• CAP approach

  CAP return

  Valuation

  6%

  $3,924,500

  6.5%

  $3,622,615

  7%

  $3,363,857

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,347,420

  Geo Method

  $6,370,947

• Alternative Use

  Use

  Valuation

  Residential

  $3,055,811

  Hospitality

  $2,799,106

  Educational

  $2,328,824

  Medical

  $2,408,916

  Retail

  $3,622,615

Location Insight

City

Selma

County

Johnston

State

North Carolina

Latitude

35.5354

Longitude

-78.2812

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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