815 3Rd StAlbemarle, NC 28001

Property Details for 815 3Rd St

Year built

1984

Lot size

1.31 AC

Property size (Sq ft)

2,970 SF

Zone code

HMD

Property type

Medical offices

Property subtype

Medical centers

APN

654801383925

APU

654801383925

Description

This exceptional 2,970-square-foot Class A medical office building, located at 815 N 3rd St, Albemarle, NC 28001, presents a unique investment opportunity. Built in 1983 and extensively renovated in 2017, this single-story, single-tenant building offers a spacious and modern layout ideal for a variety of professional uses. Its convenient location adjacent to Stanly Memorial Hospital/Atrium Health Stanly County makes it particularly well-suited for medical practices, but its versatile design also lends itself to other professional ventures seeking a high-visibility location. The property boasts a total of 2,970 square feet of vacant space, ready for immediate occupancy. The building features no elevators, reflecting its single-story design. Lease terms are negotiable, and the owner is seeking tenants committed to serving the community. This property is situated near Yadkin St, offering excellent accessibility and visibility. The building's Class A designation reflects its high-quality construction and modern amenities. This is an exceptional opportunity to acquire a well-maintained, strategically located commercial property in a thriving North Carolina community. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $833,853

  6.5%

  $769,711

  7%

  $714,731

• Comparable approach

  Method

  Valuation

  Relative Method

  $502,940

  Geo Method

  $502,940

• Alternative Use

  Use

  Valuation

  Residential

  $954,441

  Hospitality

  $874,263

  Educational

  $727,377

  Medical

  $752,392

  Retail

  $1,131,475

Location Insight

City

Albemarle

County

Stanly

State

North Carolina

Latitude

35.3623

Longitude

-80.1963

CBSA code

10620

CBSA name

ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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