3416 Melrose RdFayetteville, NC 28304

  • Healthcare properties
  • 2,526 SF
For Sale
$599,500 View listing

Property Details for 3416 Melrose Rd

Year built
1970
Lot size
0.34 AC
Property size (Sq ft)
2,526 SF
Zone code
OI
Property type
Healthcare properties
Property subtype
Medical offices
APN
0416-87-9025
APU
416879025

Description

This exceptional medical office building, located at 3416 Melrose Rd in Fayetteville, North Carolina (28304), presents a unique investment opportunity. The property boasts a desirable corner lot spanning 0.32 acres, offering excellent visibility and accessibility. The building itself encompasses approximately 2,500 to 2,600 square feet and is ideally suited for a variety of medical practices. Currently configured as a dental office, the space includes eight well-appointed exam rooms, a spacious reception area, a private office for administrative staff, ample storage areas, a panoramic room, a dedicated lab, and a comfortable staff area. The building's character is enhanced by beautiful exposed brick features in several rooms, adding a touch of charm and sophistication. Recent upgrades include the installation of three brand-new HVAC units in December 2023, ensuring efficient and comfortable climate control. Its convenient location near Cape Fear Valley Hospital further enhances its appeal and potential for success. The asking price for this turnkey medical office building is $599,500. This presents a compelling opportunity for investors seeking a well-maintained, strategically located property in a thriving healthcare market. The property's features and location combine to create a strong foundation for immediate occupancy and long-term profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $623,765
    6.5%
    $575,783
    7%
    $534,656
  • Comparable approach

    Method
    Valuation
    Relative Method
    $650,372
    Geo Method
    $579,818
  • Alternative Use

    Use
    Valuation
    Residential
    $713,971
    Hospitality
    $653,993
    Educational
    $544,115
    Medical
    $562,828
    Retail
    $846,401
3416 Melrose Rd, Fayetteville, North Carolina

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0333
Longitude
-78.9368
CBSA code
22180
CBSA name
FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,766
$192,156
$142,397
$334,553
-
$192,156
$142,397
$334,553

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