1704 5Th StLumberton, NC 28358

Property Details for 1704 5Th St

Year built

1994

Lot size

0.70 AC

Property size (Sq ft)

672 SF

Property type

Retail properties

Property subtype

Auto shops

APN

322501020

APU

322501020

Description

This exceptional commercial property, located at 1704 W 5TH Street in Lumberton, North Carolina, presents a unique investment opportunity. The property boasts a substantial 0.72-acre lot, providing ample space for expansion or future development. The existing structure offers 672 square feet of usable space, ideal for a variety of commercial ventures. Its versatile nature allows for adaptation to suit diverse business needs. The property's location in Lumberton offers convenient access to local amenities and transportation routes, ensuring high visibility and accessibility for potential customers. The asking price of $299,000 represents a compelling value for a property of this size and potential in a growing market. This is an excellent opportunity for entrepreneurs and investors seeking a foothold in the Lumberton commercial real estate market. The property's size and location make it suitable for a range of uses, from retail to office space, or even a combination thereof. Serious inquiries are encouraged to explore the possibilities this property offers. The 0.72-acre lot provides significant room for growth and future development, making this a truly valuable asset. Don't miss this chance to acquire a prime commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $243,926

  6.5%

  $225,162

  7%

  $209,079

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,039

  Geo Method

  $388,712

• Alternative Use

  Use

  Valuation

  Residential

  $189,933

  Hospitality

  $173,977

  Educational

  $144,747

  Medical

  $149,725

  Retail

  $225,162

Location Insight

City

Lumberton

County

Robeson

State

North Carolina

Latitude

34.6256

Longitude

-79.0283

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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