310 Church StRichfield, NC 28137

Property Details for 310 Church St

Year built

1956

Lot size

1.14 AC

Property size (Sq ft)

3,726 SF

Zone code

H-B

Property type

Motels

APN

662201380869

APU

662201380869

Description

This exceptional 2.58-acre commercial property, located at 310 W Church Street in Richfield, NC, presents a remarkable investment opportunity. Situated on a highly visible corner lot at a main intersection, this property boasts three convenient ingress and egress points, ensuring optimal accessibility for customers and employees. The expansive lot size offers significant development potential, catering to a wide range of commercial ventures. Envision the possibilities: a thriving apartment complex, a bustling retail center, a much-needed gas station, a convenient car wash, or a popular restaurant. The property's strategic location within a rapidly expanding area guarantees high visibility and strong potential for return on investment. This is an unparalleled chance to capitalize on the remarkable growth trajectory of Richfield, NC. The asking price is $1,500,000. Serious inquiries only. The property is currently vacant and ready for immediate development. Don't miss this exceptional chance to secure a prime commercial location in a booming market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,179,006

  6.5%

  $1,088,314

  7%

  $1,010,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,482,758

  Geo Method

  $1,482,758

• Alternative Use

  Use

  Valuation

  Residential

  $1,188,122

  Hospitality

  $1,088,314

  Educational

  $905,464

  Medical

  $936,604

  Retail

  $1,408,500

Location Insight

City

Richfield

County

Stanly

State

North Carolina

Latitude

35.4714

Longitude

-80.2661

CBSA code

10620

CBSA name

ALBEMARLE, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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