409 2Nd StLumberton, NC 28358

Property Details for 409 2Nd St

Year built

1970

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

7,030 SF

Property type

Office buildings

APN

323802008

APU

323802008

Description

This exceptional 7,030 square foot executive office building presents a compelling investment opportunity in the thriving Lumberton, NC market. Located at 409 E 2nd St, Lumberton, NC 28358, this Class C property boasts a prime location within Robeson County and benefits from a B2 zoning designation. Constructed in 1970, the building is currently home to major long-term tenants, providing a stable and consistent income stream for the new owner. The substantial square footage offers ample space for various office configurations, catering to a diverse range of business needs. This established property offers a secure investment with significant potential for long-term growth and profitability. Its strategic location within the bustling Lumberton area ensures high visibility and accessibility, making it an attractive proposition for both current and future tenants. The solid foundation and well-established tenancy provide a strong base for a successful investment, offering peace of mind and a promising return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic market. The asking price is $525,000. Don't miss this chance to secure a valuable asset in the heart of Lumberton.

• CAP approach

  CAP return

  Valuation

  6%

  $1,735,877

  6.5%

  $1,602,348

  7%

  $1,487,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,810,186

  Geo Method

  $1,613,666

• Alternative Use

  Use

  Valuation

  Residential

  $1,986,912

  Hospitality

  $1,820,000

  Educational

  $1,514,219

  Medical

  $1,566,295

  Retail

  $2,355,452

Location Insight

City

Lumberton

County

Robeson

State

North Carolina

Latitude

34.618

Longitude

-79.004

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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