1703 Roan RdSpruce Pine, NC 28777
- Retail space
- 5,176 SF
For Sale
$215,000
View listing
Property Details for 1703 Roan Rd
- Year built
- 1950
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 5,176 SF
- Property type
- Retail space
- APN
- 0880-11-57-1291
- APU
- 88011571291
Description
This unique 5,280 square foot mixed-use property in Spruce Pine, NC, presents a compelling investment opportunity. Located at 1703 Roan Rd, on a 0.26-acre lot (APN: 0880-11-57-1291), this 1950-built building offers a blend of office and warehouse space, currently divided into five units with individual electric meters. Unit A, a raw, warehouse-like space, previously an apartment, provides a blank canvas for customization. Units B, C, and E are interconnected but have separate entrances. Unit B features office space with a handicap-accessible restroom
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,468,267
- 6.5%
- $1,355,324
- 7%
- $1,258,515
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,073,873
- Geo Method
- $1,073,873
-
Alternative Use
- Use
- Valuation
- Residential
- $1,143,266
- Hospitality
- $1,047,226
- Educational
- $871,279
- Medical
- $901,244
- Retail
- $1,355,324
Location Insight
- City
- Spruce Pine
- County
- Mitchell
- State
- North Carolina
- Latitude
- 35.929
- Longitude
- -82.0902
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,041
$17,300
$147,900
$165,200
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Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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