104 Thompson StFairmont, NC 28340

Property Details for 104 Thompson St

Year built

1984

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

3,605 SF

Property type

Banks

APN

300504015

APU

300504015

Description

This exceptional Class A executive office building, located at 104 W Thompson Street in Fairmont, North Carolina, presents a unique investment opportunity. The free-standing brick structure boasts 4,109 square feet of space situated on a generous 1.52-acre lot. Its prime location in Robeson County, in the southern part of the state, offers excellent visibility and accessibility. Previously occupied by BB&T, this property is ideally suited for a variety of professional uses, including government or attorney offices, and potentially medical practices. The property is zoned NB- Neighborhood Business in the Town of Fairmont, and a previous deed restriction against financial uses has expired, opening up a wider range of potential tenants. The ample parking, drive-thru capabilities, and high visibility make this a highly desirable location. The building's solid construction and substantial lot size provide significant potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained, free-standing office building in a thriving community. The asking price has been significantly reduced, making this an even more compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,063,490

  6.5%

  $981,681

  7%

  $911,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $965,330

  Geo Method

  $860,591

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,964,320

  Mixed-Use / Specialty

  $957,999

  Hospitality / Lodging

  $676,577

  Office

  $931,286

  Institutional / Educational

  $988,720

  Residential Income

  $1,156,800

  Multifamily

  $1,499,290

  Automotive / Energy

  $847,474

  Parking / Income-Based Land

  $312,393

  Restaurant / Food Service

  $455,190

  Healthcare / Senior Housing

  $1,003,110

Location Insight

City

Fairmont

County

Robeson

State

North Carolina

Latitude

34.4976

Longitude

-79.115

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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