8308 Fairview RdMint Hill, NC 28227

Property Details for 8308 Fairview Rd

Year built

1948

Lot size

0.23 AC

Property size (Sq ft)

2,182 SF

Zone code

BG

Property type

Office properties

Property subtype

Office buildings

APN

19703145

APU

19703145

Description

This single-story, 2,182 square foot commercial building, located at 8308 Fairview Rd in Mint Hill, NC 28227, presents a unique investment opportunity. Built in 1948 and renovated in 1984, the property is classified as Class C and currently vacant, ensuring immediate occupancy for the new owner. The building sits on a 0.31-acre lot, providing ample parking. The interior features four offices, ideal for consultations or treatments, and three large storage areas adaptable to various business needs. The flexible layout makes it suitable for a range of uses, including executive offices, medical offices, or traditional office spaces. The property's location in Mint Hill offers excellent accessibility and visibility. The asking price is $700,000. The building will be vacant at closing.

• CAP approach

  CAP return

  Valuation

  6%

  $616,532

  6.5%

  $569,106

  7%

  $528,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,500

  Geo Method

  $369,500

• Alternative Use

  Use

  Valuation

  Residential

  $705,692

  Hospitality

  $646,410

  Educational

  $537,806

  Medical

  $556,302

  Retail

  $836,586

Location Insight

City

Mint Hill

County

Mecklenburg

State

North Carolina

Latitude

35.1785

Longitude

-80.6421

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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