1150 Broome StWaxhaw, NC 28173

Property Details for 1150 Broome St

Year built

1996

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

6,534 SF

Zone code

C-3 WAXHAW

Property type

Medical offices

Property subtype

Medical centers

APN

06-141-044 03

APU

614104403

Description

This exceptional 6,643 square foot medical office building in Waxhaw, North Carolina, presents a unique investment opportunity. Currently occupied by the Town of Waxhaw as a single tenant, the property will become available mid-2024, offering 6,628 square feet of vacant space. Situated at 1150 N Broome St, Waxhaw, NC 28173, in Union County, this building is ideally located for medical practices seeking a prominent presence in a thriving community. The property's single-tenant history speaks to its desirability and inherent strength. The building's size and layout are well-suited for a variety of medical uses, offering ample space for examination rooms, administrative offices, and support areas. Prospective tenants will appreciate the convenience of its location and the opportunity to establish a successful practice in a rapidly growing area. The building's availability mid-2024 provides ample time for planning and preparation. Contact us today to discuss pricing and explore the possibilities of this exceptional medical office space. This is a rare opportunity to secure a high-quality, well-located medical office building in a desirable market. Detailed specifications and lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,765,649

  6.5%

  $1,629,830

  7%

  $1,513,413

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,106,468

  Geo Method

  $1,106,468

• Alternative Use

  Use

  Valuation

  Residential

  $2,020,989

  Hospitality

  $1,851,215

  Educational

  $1,540,189

  Medical

  $1,593,158

  Retail

  $2,395,850

Location Insight

City

Waxhaw

County

Union

State

North Carolina

Latitude

34.9343

Longitude

-80.7495

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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