114 Franklin StWarrenton, NC 27589

Property Details for 114 Franklin St

Year built

1952

Lot size

125.00 AC

Property size (Sq ft)

2,805 SF

Property type

Office properties

APN

E6B246

APU

E6B246

Description

This exceptional 2,814 square foot commercial property, situated on a 0.31-acre lot at 114 W Franklin Street in Warrenton, NC, presents a unique investment opportunity. Ideally located just one block from the courthouse and conveniently off Main Street, this building boasts high visibility and excellent accessibility. Previously utilized as an auto body shop and paint business, the property is equipped with a functional paint booth, ready for immediate use. The building features four 10x10 roll-up doors, providing ample access for vehicles and equipment. One bay is equipped with a lift, while another includes a convenient drain. The property's versatile layout and existing infrastructure make it suitable for a variety of businesses. Its prime location in Warrenton offers significant advantages for attracting customers and establishing a strong presence within the community. The asking price of $250,000 represents a compelling value for a property with such established features and a desirable location. This is an exceptional chance to acquire a well-positioned commercial space with significant potential for growth and profitability. The property's history as a successful auto body shop demonstrates its suitability for businesses requiring ample space and specialized equipment. Don't miss this opportunity to secure a prime commercial location in a thriving North Carolina town.

• CAP approach

  CAP return

  Valuation

  6%

  $629,087

  6.5%

  $580,696

  7%

  $539,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,466

  Geo Method

  $643,860

• Alternative Use

  Use

  Valuation

  Residential

  $720,063

  Hospitality

  $659,574

  Educational

  $548,757

  Medical

  $567,630

  Retail

  $853,623

Location Insight

City

Warrenton

County

Warren

State

North Carolina

Latitude

36.3972

Longitude

-78.1562

Property Tax & Assessments

FAQs

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