211 Cronly StLaurinburg, NC 28352

Property Details for 211 Cronly St

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

5,390 SF

Zone code

CB

Property type

Office properties

APN

010001 07013

APU

1000107013

Description

This 12,466 square foot, single-story commercial building in Laurinburg, NC, presents a compelling owner-user opportunity. Built in 1966 and renovated in 1985 and 1995, the property boasts a prime location in the central business district, close to St. Andrews University. The building features ample street and side parking, along with rear alleyway access and two large bay doors, ideal for loading and unloading. Its versatile layout is suitable for a variety of uses, including office space, retail, or even warehousing. The 0.5-acre lot provides significant space, while the $32.01 per square foot asking price represents a strong value proposition. While some deferred maintenance and potential encroachment issues exist, the building's robust structure and central location offer significant potential for a savvy investor. The property is zoned CB and benefits from a strong local economy, with an average household income within a 5-mile radius of $60,534. This presents a unique chance to acquire a substantial commercial property in a growing market. The property's history of adaptive reuse highlights its flexibility and potential for future success. The combination of size, location, and price makes this an attractive investment for those seeking a versatile commercial space in a thriving North Carolina community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,394,962

  6.5%

  $1,287,657

  7%

  $1,195,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,231,671

  Geo Method

  $1,108,151

• Alternative Use

  Use

  Valuation

  Residential

  $1,596,695

  Hospitality

  $1,462,564

  Educational

  $1,216,836

  Medical

  $1,258,685

  Retail

  $1,892,856

Location Insight

City

Laurinburg

County

Scotland

State

North Carolina

Latitude

34.7757

Longitude

-79.4642

CBSA code

29900

CBSA name

LAURINBURG, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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