42 Park PlBrevard, NC 28712

Property Details for 42 Park Pl

Year built

2019

Lot size

0.18 AC

Property size (Sq ft)

5,794 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

8596-09-2499-000

APU

8596092499000

Description

This exceptional 0.2-acre commercial lot at 42 Park Place Unit 14, Brevard, NC, presents a unique opportunity for immediate development. Architectural plans for a 2744 square foot office building are already complete, eliminating the design phase and expediting the construction process. The property boasts unparalleled visibility, situated on a corner lot at the entrance to Straus Park, Brevard's premier commercial and residential community. All utilities are readily available, including high-speed internet, natural gas, power, water, sewer, storm water, and telephone service. The lot is conveniently located within walking distance of hospitals, doctor's offices, banks, financial institutions, and other professional services. The site offers level building areas, despite a slight incline from the road, and includes existing paved parking. The building design allows for either single-level or multi-level construction. Given its prime location and comprehensive planning, this property is ideal for a variety of commercial uses, including medical offices and other professional services. The high visibility and established infrastructure of Straus Park make this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,482,295

  6.5%

  $1,368,272

  7%

  $1,270,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,020

  Geo Method

  $477,020

• Alternative Use

  Use

  Valuation

  Residential

  $1,696,657

  Hospitality

  $1,554,129

  Educational

  $1,293,017

  Medical

  $1,337,486

  Retail

  $2,011,360

Location Insight

City

Brevard

County

Transylvania

State

North Carolina

Latitude

35.2577

Longitude

-82.7183

CBSA code

14820

CBSA name

BREVARD, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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