3416 Melrose RdFayetteville, NC 28304
- Healthcare properties
- 2,526 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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