407 Oakwoods RdWilkesboro, NC 28697

Property Details for 407 Oakwoods Rd

Lot size

1.26 AC

Property type

Office properties

Property subtype

Other office properties

APN

2207674

APU

2207674

Description

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Wilkesboro, North Carolina. Strategically located directly off the Oakwoods Road exit on Highway 421, this property enjoys unparalleled access to both the vibrant downtowns of Wilkesboro and North Wilkesboro, ensuring high visibility and convenient access for businesses. The asking price for the entire 3-acre tract is $750,000. The property's prime location offers significant potential for a wide range of commercial developments, capitalizing on the substantial traffic flow generated by this major thoroughfare. Its proximity to two thriving town centers guarantees a robust customer base and strong potential for rental income or business growth. The land is ready for immediate development, presenting a streamlined path to realizing your commercial vision. Detailed site surveys and environmental assessments are available upon request. This is a rare opportunity to acquire a substantial commercial land holding in a rapidly growing area of North Carolina. Don't miss out on this chance to secure a prime location for your next commercial venture. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The address is 407 Oakwoods Rd, Wilkesboro, NC 28697.

• CAP approach

  CAP return

  Valuation

  6%

  $12,824,471

  6.5%

  $11,837,973

  7%

  $10,992,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,294,395

  Geo Method

  $9,294,395

• Alternative Use

  Use

  Valuation

  Residential

  $14,679,086

  Hospitality

  $13,445,964

  Educational

  $11,186,884

  Medical

  $11,571,619

  Retail

  $17,401,820

Location Insight

City

Wilkesboro

County

Wilkes

State

North Carolina

Latitude

36.1388

Longitude

-81.1455

CBSA code

35900

CBSA name

NORTH WILKESBORO, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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