597 Polk StPineville, NC 28134

Property Details for 597 Polk St

Year built

1988

Lot size

0.48 AC

Property size (Sq ft)

2,634 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Drive through restaurants

APN

20508104

APU

20508104

Description

This exceptional single-tenant retail property, located at 597 N Polk St in Pineville, NC, presents a unique investment opportunity. The building, constructed in 1986, boasts a total of 2,672 square feet, all of which is currently vacant, offering immediate occupancy for a new tenant. Situated on a sizable 0.48-acre lot, the property provides ample space for potential expansion or outdoor amenities. The B-3 zoning allows for a wide range of commercial uses, providing flexibility for prospective buyers. The property's address is 597 N Polk St, Pineville, NC 28134, within Mecklenburg County. Its convenient location offers excellent visibility and accessibility, making it an ideal site for a variety of businesses. The entire building is available for lease, presenting a blank canvas for a new tenant to customize and establish their presence. This property is an excellent opportunity for investors seeking a strong foothold in the thriving Pineville market. The building's size and location make it suitable for a variety of retail concepts. The property's vacant status allows for immediate occupancy and customization to suit a new tenant's specific needs. The substantial lot size offers potential for future development or expansion. This is a rare opportunity to acquire a well-located, sizable retail property in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,361,848

  6.5%

  $1,257,091

  7%

  $1,167,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,124,025

  Geo Method

  $1,124,025

• Alternative Use

  Use

  Valuation

  Residential

  $1,060,403

  Hospitality

  $971,324

  Educational

  $808,130

  Medical

  $835,923

  Retail

  $1,257,091

Location Insight

City

Pineville

County

Mecklenburg

State

North Carolina

Latitude

35.0913

Longitude

-80.8858

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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