723 Madison StWhiteville, NC 28472

Property Details for 723 Madison St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

13,420 SF

Property type

Retail space

APN

0280.02-98-7037.000

APU

28002987037000

Description

This exceptional retail property, located at 723 S MADISON Street in Whiteville, NC, offers 13,420 square feet of versatile commercial space situated on a 0.23-acre lot. The property is ideally positioned for a variety of retail businesses, benefiting from high visibility and convenient access. The substantial square footage allows for ample room for inventory, display, and customer service areas. The asking price is $479,000, representing a compelling investment opportunity in a thriving Whiteville commercial district. The property's size and location make it suitable for a wide range of retail concepts, from larger format stores to multiple smaller tenants. Its prominent street frontage ensures high visibility to passing traffic, maximizing potential customer exposure. Serious inquiries are encouraged to explore the possibilities this property presents. The property's 0.23-acre lot provides ample space for potential expansion or outdoor amenities, depending on the tenant's needs. This is a rare opportunity to acquire a substantial retail space in a desirable location within Whiteville, NC. The property is ready for immediate occupancy, allowing for a swift start to operations. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,947,900

  6.5%

  $3,644,210

  7%

  $3,383,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,694,670

  Geo Method

  $3,203,640

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,357,710

  Mixed-Use / Specialty

  $3,529,740

  Hospitality / Lodging

  $2,457,530

  Office

  $3,403,060

  Institutional / Educational

  $3,633,230

  Residential Income

  $4,250,880

  Multifamily

  $5,660,890

  Automotive / Energy

  $3,114,200

  Parking / Income-Based Land

  $1,174,940

  Restaurant / Food Service

  $1,619,260

  Healthcare / Senior Housing

  $3,723,750

Location Insight

City

Whiteville

County

Columbus

State

North Carolina

Latitude

34.3213

Longitude

-78.7029

Property Tax & Assessments

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