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    110 Boardwalk Dr Youngsville, NC 27596

    Sponsored
    For Sale
    $1,680,000

    Youngsville, NC: 3-unit flex building

    Property size:
    2,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,720 square foot industrial flex building, situated on Boardwalk Drive in Youngsville, North Carolina, presents a compelling investment opportunity. The property consists of three individual units, each measuring 2,240 square feet, offering flexibility for various uses. Zoned C-1, it's ideally suited for light industrial, office, or retail businesses. The building features three roll-up doors, providing convenient access for loading and unloading. Ceiling heights range from 14 to 16 feet, and the space includes LED lighting and clear wall panels. Construction is a combination of block and steel, ensuring durability. Utilities include Franklin County water and sewer, PNC natural gas, and Spectrum internet. The property boasts ample parking with five spaces. Currently, tenants are on month-to-month leases, allowing for immediate income potential or repositioning. The asking price is $1,680,000, representing a 6.50% cap rate. A Property Owners Association fee of $125 per unit per month covers property insurance, parking lot maintenance, building exterior upkeep, and roof maintenance. The property is offered for sale by owner and includes three loading docks. Franklin County PIN numbers are 1853-16-3766, 1853-16-3726, and 1853-16-2786. This is a Class B, single-story building with significant potential for growth and return on investment. The sale includes the entire building and all three units. Rent bumps are permitted.

    Property Features for 110 Boardwalk Dr

    General Information

    Property type
    Flex space
    Square Feet
    2,240 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Shepherd's Gate Fiber ... Yarn Store Especially For Ewe Craft Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngsville
    County
    Franklin
    State
    North Carolina
    Longitude
    -78.4879496
    Latitude
    36.0480714

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    FAQs

    What type of property is this?
    Flex space - Youngsville, NC: 3-unit flex building
    Where is this flex space located?
    The property is located at 110 Boardwalk Dr Youngsville, NC.
    What is the asking price?
    The asking price for this property is $1,680,000.
    Request Owner's contact information
    110 Boardwalk Dr Youngsville, NC 27596
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Boardwalk Dr Youngsville, NC 27596
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