314 Fayetteville St, Asheboro, NC 27203-5531
This exceptional commercial property presents a unique investment opportunity in Asheboro's Central Business District. The offering encompasses over one acre of land situated on a corner lot with a traffic signal, ensuring high visibility and accessibility. The property includes three buildings, offering a diverse range of potential uses. The main structure is a substantial 6,000+ square foot office building constructed in 1960. A 1,500+ square foot garage building, built in 1940, provides ample storage or workshop space. Complementing these is a brick accessory building, constructed in 1962, offering additional versatility. The strategic location directly across from the Randolph Hospital campus provides significant advantages, attracting a substantial daily foot traffic and potential clientele. This property's size, location, and multiple building components offer considerable flexibility for a variety of commercial ventures, making it an attractive investment prospect in a thriving North Carolina city. The property is priced at $850,000 and presents a rare opportunity to acquire a substantial commercial holding in a high-demand area. The buildings' ages reflect their established presence within the community, offering a blend of history and potential for modernization and adaptation to current market needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Asheboro, NCAsheboro. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.