1299 Collegiate DrWilkesboro, NC 28697

Property Details for 1299 Collegiate Dr

Lot size

0.67 AC

Property type

Retail properties

Property subtype

Retail space

APN

2204687

APU

2204687

Description

This exceptional investment opportunity presents a chance to acquire a well-established business in Wilkesboro, North Carolina, that has thrived for 25 years. The property's strategic location offers significant advantages for both continued operation of the existing business and potential expansion. Its ideal size and layout make it particularly well-suited for a medical practice, capitalizing on its proximity to Wilkes Community College, just 0.3 miles away. The property's location also benefits from its close proximity to popular community events at Faith Fest (0.8 miles) and the renowned North Wilkesboro Speedway (6.8 miles), ensuring high visibility and potential for increased customer traffic. The existing building presents an opportunity for expansion, allowing a new owner to tailor the space to their specific business needs and potentially increase revenue streams. This turnkey operation offers a unique blend of established success and significant growth potential, making it an attractive investment for discerning buyers seeking a profitable venture in a thriving community. The asking price is $449,000. The property is zoned for commercial use and offers ample parking. This is a rare opportunity to own a piece of Wilkesboro's vibrant business landscape. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $10,024,319

  6.5%

  $9,253,218

  7%

  $8,592,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,454,314

  Geo Method

  $12,454,314

• Alternative Use

  Use

  Valuation

  Residential

  $7,805,436

  Hospitality

  $7,149,737

  Educational

  $5,948,498

  Medical

  $6,153,075

  Retail

  $9,253,218

Location Insight

City

Wilkesboro

County

Wilkes

State

North Carolina

Latitude

36.1406

Longitude

-81.1769

CBSA code

35900

CBSA name

NORTH WILKESBORO, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].