703 King StKings Mountain, NC 28086

Property Details for 703 King St

Year built

2008

Lot size

1.52 AC

Property size (Sq ft)

14,379 SF

Zone code

GB

Property type

Healthcare properties

Property subtype

Medical offices

APN

8867

APU

8867

Description

This exceptional 3,600 square foot retail or office space is ideally situated at 703 E King Street, Kings Mountain, NC 28086, on the corner of Oriental Avenue. Boasting a prime location in a thriving community, this single-tenant space is part of a multi-tenant building currently occupied by a diverse mix of businesses including a dental practice, drugstore, and nail salon. Built in 2008, this one-story building offers convenient access and ample visibility. The property benefits from exceptional daily traffic counts of 9,700 vehicles (per NC-DOT 2021 data), ensuring high exposure for your business. Kings Mountain's strategic location between Charlotte and Greenville-Spartanburg provides easy access to a large regional market. Further enhancing its appeal, the property is conveniently located just 1.25 miles from the intersection of Highway 74 and I-85, and only 4.5 miles from the new Two Kings Casino. The zoning is AU. This presents a unique opportunity to establish a presence in a rapidly growing area with significant foot and vehicle traffic. The property is zoned AU. This space is perfect for a variety of businesses seeking high visibility and convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $3,359,747

  6.5%

  $3,101,305

  7%

  $2,879,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,434,940

  Geo Method

  $2,434,940

• Alternative Use

  Use

  Valuation

  Residential

  $3,845,618

  Hospitality

  $3,522,565

  Educational

  $2,930,733

  Medical

  $3,031,526

  Retail

  $4,558,918

Location Insight

City

Kings Mountain

County

Cleveland

State

North Carolina

Latitude

35.2412

Longitude

-81.3297

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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