1208 Oakland Ave Greensboro, NC 27403-2743
- Office Properties & Spaces
- 8,652 SF
- 1.05 lot acres
Jan 10, 2025
Current Use by Public Records
- College Hill Collective / Gym / Fitness Center
- Neighborhood National No. 4 / Golf Course
Property Details for 1208 Oakland Ave
- Year built
- 1955
- Lot size
- 1.05 lot acres
- Property size
- 8,652 SF
- Zone code
- CU-GO-M
- Property type
- Office Properties & Spaces
- APN
- 11698
- APU
- 11698
Description
This exceptional mixed-use property, located at 1208 Oakland Ave in Greensboro, North Carolina, presents a compelling investment opportunity. The 9,200 square-foot building, constructed in 1955, sits on a 1.05-acre lot and is classified as a Class B property. The two-story structure boasts ample parking with 60 spaces, a significant advantage in a bustling urban environment. The property is zoned CD-O, permitting a wide range of uses including schools, medical offices, religious facilities, and fitness centers. Currently, a small portion (1,000 square feet) is leased to a golf simulator company until June 2025. The building's versatile layout includes multi-level space suitable for offices, meeting rooms, fitness areas, and storage or classrooms. The fitness area features a 26-foot ceiling height. Amenities include a mezzanine-level kitchenette, washer and dryer, two restrooms, and main-level multi-stall restrooms with showers. The property's strategic location offers convenient proximity to the University of North Carolina at Greensboro (UNC-G), enhancing its appeal to a diverse clientele. An ADT security system is already installed, providing added security. The asking price for this unique property is $2,000,000. The property's APN is 0011698. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Greensboro neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,530,000
- ML approach
- $1,460,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,655,000
- 6.5%
- $1,525,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,216,000
Market price range: $964k - $1.97M
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Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8164
- Latitude
- 36.0634
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA