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    OFF-MARKET
    Office buildings

    314 Fayetteville St, Asheboro, NC 27203-5531

    6,160 SF 0.27 ac lot Built 1960
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1417289
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1960
    Construction WOOD
    Total area 6,160 SF
    Lot 0.27 ac (11,761 SF)
    Zoning code B2
    APN 7751846158
    UPID US53-1417289
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    CLAYTON TERRY TUCKER · 6 yrs held
    CLAYTON TERRY TUCKER
    since 2020
    Last sale
    $175,000
    1 recorded transaction
    2020
    $175,000
    Zoning & alternative use
    B2 · Asheboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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