This exceptional freestanding retail building, located at 306 Blowing Rock Boulevard in Lenoir, North Carolina, presents a unique investment opportunity. Boasting a total of 2,272 square feet of space, the entire building is currently vacant and ready for immediate occupancy. The property sits on a sizable 0.92-acre lot, providing ample space for customer parking and potential future expansion. Its strategic location in Caldwell County ensures high visibility and accessibility for businesses seeking a strong presence in the Lenoir market. The single-tenant configuration offers flexibility and control for the prospective lessee. This property is ideal for a variety of retail uses, benefiting from its prominent location and substantial square footage. The building's condition and specific features will be detailed upon request. Serious inquiries are encouraged to explore the possibilities of establishing a thriving business in this prime Lenoir location. The property's address is 306 Blowing Rock Blvd, Lenoir, NC 28645. Contact us today to schedule a viewing and discuss lease terms.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$780,375
6.5%
$720,346
7%
$668,893
Comparable approach
Method
Valuation
Relative Method
$969,546
Geo Method
$969,546
Alternative Use
Use
Valuation
Residential
$607,639
Hospitality
$556,594
Educational
$463,080
Medical
$479,006
Retail
$720,346
Location Insight
City
Lenoir
County
Caldwell
State
North Carolina
Latitude
35.9183
Longitude
-81.524
CBSA code
25860
CBSA name
HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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