110 Virginia AveBessemer City, NC 28016

Property Details for 110 Virginia Ave

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

4,795 SF

Zone code

OFF02

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

120803

APU

120803

Description

This exceptional $300,000 retail property, located at 110 W Virginia Ave in Bessemer City, NC (APN 120803, zip code 28016), presents a unique investment opportunity. The historic structure offers a versatile space ideal for a variety of uses, including event space or streetfront office space. Its prime location offers significant advantages. The property enjoys excellent visibility and accessibility, situated conveniently across the street from the Osage Mill Project and in close proximity to Centennial Park. This high-traffic area provides ample opportunity to reach a diverse customer base. The building's rich history adds character and charm, making it an attractive option for businesses seeking a unique and memorable space. The possibilities are truly endless for entrepreneurs looking to establish a presence in the revitalizing downtown Bessemer City area. This is a rare chance to own a piece of Bessemer City's vibrant history and contribute to its continued growth and development. The property's strategic location and adaptable space make it an exceptional investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,120,383

  6.5%

  $1,034,200

  7%

  $960,328

• Comparable approach

  Method

  Valuation

  Relative Method

  $811,985

  Geo Method

  $811,985

• Alternative Use

  Use

  Valuation

  Residential

  $1,282,408

  Hospitality

  $1,174,678

  Educational

  $977,319

  Medical

  $1,010,930

  Retail

  $1,520,273

Location Insight

City

Bessemer City

County

Gaston

State

North Carolina

Latitude

35.2851

Longitude

-81.2843

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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