143 Patterson StMaxton, NC 28364

Property Details for 143 Patterson St

Year built

1963

Lot size

0.82 AC

Property size (Sq ft)

7,150 SF

Property type

Office buildings

APN

330602035

APU

330602035

Description

This exceptional 7,150-square-foot retail property, situated in Maxton, North Carolina, presents a compelling investment opportunity. Located at 143 S Patterson, this shopping center/storefront boasts a prime location less than a mile from I-74, Exit 191, benefiting from high daily traffic volume of 19,000 vehicles. The property sits on a sizable 35,136-square-foot lot (APN 330602035) and is priced at $299,999, translating to $41.96 per square foot. Maxton offers a unique blend of historical charm and modern conveniences, including the Riverside Country Club golf course. Its strategic location near major highways ensures easy accessibility for both residents and businesses. The area also features a significant industrial presence, with over 1.8 million square feet of industrial space within a 3-mile radius, creating a robust and diverse local economy. This property is ideal for a variety of retail uses and presents a strong potential for return on investment. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access to a substantial customer base. The zip code is 28364.

• CAP approach

  CAP return

  Valuation

  6%

  $1,850,460

  6.5%

  $1,708,117

  7%

  $1,586,108

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,633,849

  Geo Method

  $1,641,211

• Alternative Use

  Use

  Valuation

  Residential

  $2,118,064

  Hospitality

  $1,940,136

  Educational

  $1,614,170

  Medical

  $1,669,684

  Retail

  $2,510,931

Location Insight

City

Maxton

County

Robeson

State

North Carolina

Latitude

34.7344

Longitude

-79.3492

CBSA code

31300

CBSA name

LUMBERTON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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