1244 Garner Bagnal BlvdStatesville, NC 28677

Property Details for 1244 Garner Bagnal Blvd

Year built

1989

Construction

STONE

Lot size

6.72 AC

Property size (Sq ft)

20,182 SF

Zone code

B-5

Property type

Automotive properties

APN

4744-80-5361.000

APU

4744805361000

Description

This exceptional investment opportunity presents a vacant, Class A storefront located at 1244 Garner Bagnal Blvd, Statesville, NC 28677. The property boasts a substantial 20,182 square feet of space, ideally suited for an owner-user or investor seeking a high-visibility location. The building, renovated in 2022, comprises two single-story structures situated on a six-acre lot. The expansive lot includes over four acres of paved and fenced outdoor storage, providing ample space for inventory, equipment, or additional operations. The interior features over 3,000 square feet of showroom space with glass sales offices, complemented by more than six roll-up doors for convenient loading and unloading. The property is zoned for highway business, offering significant flexibility for a variety of commercial uses. Currently vacant, the property is available for occupancy beginning February 1, 2024, presenting a unique chance to customize the space to meet specific business needs. The asking price for this prime Statesville retail space is $4,750,000. This is a rare opportunity to acquire a substantial, well-maintained property in a desirable location with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,152,129

  6.5%

  $6,601,965

  7%

  $6,130,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,612,402

  Geo Method

  $8,612,402

• Alternative Use

  Use

  Valuation

  Residential

  $5,569,004

  Hospitality

  $5,101,178

  Educational

  $4,244,120

  Medical

  $4,390,082

  Retail

  $6,601,965

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.7701

Longitude

-80.8591

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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