701 Fire Tower RdWinterville, NC 28590

Property Details for 701 Fire Tower Rd

Year built

2018

Lot size

1.14 AC

Property size (Sq ft)

10,400 SF

Zone code

GB

Property type

Strip malls

Property subtype

Neighborhood centers

APN

55197

APU

55197

Description

This exceptional commercial property, located at 701 FIRE TOWER Road in Winterville, North Carolina, presents a unique investment opportunity. The property encompasses a generous 1.14 acres of land, providing ample space for a variety of commercial ventures. A substantial 1,700 square foot building is situated on the lot, offering immediate potential for use or redevelopment. The building's current configuration is unspecified, allowing for flexible adaptation to suit diverse business needs. The property's location in Winterville offers convenient access to local amenities and transportation routes, making it an attractive proposition for businesses seeking a strategic location. The asking price of $2691 presents a compelling entry point into the Winterville commercial real estate market. This property is ideal for entrepreneurs and investors looking to establish a presence in a growing community. The substantial land area allows for expansion or the addition of further structures, providing significant long-term growth potential. Given the size of the building and the land, this property is suitable for a range of commercial uses, from retail to light industrial, subject to local zoning regulations. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold "as is." Further due diligence is recommended to fully assess the property's potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,705,720

  6.5%

  $3,420,664

  7%

  $3,176,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,937,822

  Geo Method

  $6,015,784

• Alternative Use

  Use

  Valuation

  Residential

  $2,885,458

  Hospitality

  $2,643,064

  Educational

  $2,198,998

  Medical

  $2,274,625

  Retail

  $3,420,664

Location Insight

City

Winterville

County

Pitt

State

North Carolina

Latitude

35.5477

Longitude

-77.4008

CBSA code

24780

CBSA name

GREENVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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