8587 Sparrow TrlConnelly Springs, NC 28612

Property Details for 8587 Sparrow Trl

Year built

1989

Construction

WOOD FRAME

Lot size

0.48 AC

Property size (Sq ft)

2,952 SF

Zone code

NEIGHBORHOOD BUSINESS

Property type

Auto shops

APN

40112

APU

40112

Description

This exceptional commercial property in Connelly Springs, North Carolina, presents a unique investment opportunity. Located at 8587 Sparrow Trail, this 0.48-acre lot features a substantial six-bay garage building, ideally suited for a variety of commercial uses. The building, constructed of block, boasts four 10x12 foot garage doors and two larger 12x13.6 foot garage door openings, providing ample space for vehicles and equipment. Previously utilized as a car repair and auto paint shop, the property retains valuable existing infrastructure. A larger bay includes a paint booth and mixing room, which are included in the sale. The main structure also incorporates a small office area with a bathroom. The property's strategic location offers unparalleled convenience, situated less than one mile from Interstate 40, ensuring excellent accessibility and high visibility. The asking price of $225,000 translates to an attractive price per square foot of $76, making this a compelling investment opportunity in a thriving North Carolina market. The property is zoned for commercial use in Burke County, NC, zip code 28612.

• CAP approach

  CAP return

  Valuation

  6%

  $1,013,938

  6.5%

  $935,943

  7%

  $869,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,259,727

  Geo Method

  $1,259,727

• Alternative Use

  Use

  Valuation

  Residential

  $789,503

  Hospitality

  $723,180

  Educational

  $601,678

  Medical

  $622,370

  Retail

  $935,943

Location Insight

City

Connelly Springs

County

Burke

State

North Carolina

Latitude

35.712

Longitude

-81.4401

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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