2017 5Th StLumberton, NC 28358

  • Retail properties
  • 2,445 SF
For Sale
$250,000 View listing

Property Details for 2017 5Th St

Year built
1966
Construction
FRAME
Lot size
0.28 AC
Property size (Sq ft)
2,445 SF
Property type
Retail properties
Property subtype
Auto shops
APN
32410301501
APU
32410301501

Description

This 2704 square foot commercial property in Lumberton, NC, presents a unique investment opportunity. Previously a gas station, it's been successfully converted into a retail space and enjoys a highly visible location off I-95, ensuring excellent accessibility for both local and interstate traffic. The building's current configuration offers ample space for a variety of retail uses, but its adaptable design allows for subdivision into four separate suites, providing flexibility for multiple tenants or a single business requiring distinct areas. Surrounded by other commercial establishments, this property benefits from a high-traffic environment and strong customer visibility. The property is offered for sale at $250,000, but leasing options are also available. This prime location and versatile space make it an ideal choice for entrepreneurs seeking a thriving commercial presence in Lumberton. The property sits on a 0-acre lot. Don't miss this chance to acquire a well-positioned commercial asset with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $887,467
    6.5%
    $819,200
    7%
    $760,686
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,586,573
    Geo Method
    $1,414,288
  • Alternative Use

    Use
    Valuation
    Residential
    $691,026
    Hospitality
    $632,976
    Educational
    $526,629
    Medical
    $544,740
    Retail
    $819,200
2017 5Th St, Lumberton, North Carolina

Location Insight

City
Lumberton
County
Robeson
State
North Carolina
Latitude
34.6113
Longitude
-78.978
CBSA code
31300
CBSA name
LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$515
$26,800
$31,800
$58,600
-
$26,800
$31,800
$58,600

FAQs

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