500 1St StLumberton, NC 28358

Property Details for 500 1St St

Year built

1960

Construction

FRAME

Lot size

1.22 AC

Property size (Sq ft)

23,343 SF

Property type

Warehouses

APN

323804001

APU

323804001

Description

This exceptional commercial property presents a significant investment opportunity in Lumberton, NC. Located at 500 1st Street, Unit 500, this expansive 21,000+ square foot building sits on a desirable 1.22-acre corner lot, fully fenced for enhanced security. The property's versatile design is ideal for a variety of uses, making it particularly well-suited for warehouse or distribution center operations. The building boasts seven well-appointed offices, providing ample space for administrative functions or tenant separation. Three bathrooms ensure convenient access for employees and visitors. Six garage doors and four loading docks facilitate efficient loading and unloading, streamlining operations and maximizing productivity. The property's strategic location offers excellent accessibility and visibility, contributing to its overall appeal. In addition to outright purchase at $449,000, this property is also available for lease at a monthly rate of $6,000. This presents a flexible option for businesses seeking a cost-effective solution for their operational needs. Don't miss this chance to acquire a prime commercial property with substantial potential for growth and profitability. The combination of size, features, and location makes this a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $13,779,500

  6.5%

  $12,719,500

  7%

  $11,811,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,617,120

  Geo Method

  $8,573,040

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $6,356,520

  Mixed-Use / Specialty

  $6,203,060

  Hospitality / Lodging

  $4,380,700

  Office

  $6,029,980

  Institutional / Educational

  $6,401,940

  Residential Income

  $7,490,270

  Multifamily

  $9,708,540

  Automotive / Energy

  $5,487,380

  Parking / Income-Based Land

  $2,022,850

  Restaurant / Food Service

  $2,947,110

  Healthcare / Senior Housing

  $6,495,260

Location Insight

City

Lumberton

County

Robeson

State

North Carolina

Latitude

34.6167

Longitude

-79.0032

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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