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    703 Fayetteville St Asheboro, NC 27203

    For Sale
    $515,000

    Prime Retail Location, High Visibility, $515,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, located at 703 N Fayetteville St in Asheboro, North Carolina, presents a lucrative investment opportunity. Priced at $515,000, this property boasts a substantial 2.29-acre lot size, providing ample space for development or expansion. The property benefits from approximately 250 feet of road frontage and a highly desirable location with a stoplight entrance, ensuring excellent visibility and accessibility for customers. An environmental report is available for review. The average daily traffic count in 2018 was 16,000 vehicles, indicating significant potential for high foot traffic and customer engagement. The property is zoned B2/R10, offering flexibility for a variety of retail uses. Situated in Randolph County, NC, with a zip code of 27203, this property is conveniently located in Asheboro, offering easy access to local amenities and a strong customer base. This is a rare opportunity to acquire a well-positioned retail property in a thriving area. Serious inquiries are encouraged.

    Property Features for 703 Fayetteville St

    General Information

    Property type
    Retail properties
    Lot Size
    99,752 SF

    HighLights

    • $515,000 asking price for a 2.29‑acre retail property in Asheboro, NC.
    • 250 feet of road frontage with a traffic signal providing high visibility.
    • 2018 ADT of 16,000 vehicles.
    • B2/R10 zoning allows for flexible retail uses.
    • Environmental report available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.8111685
    Latitude
    35.7172564

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, High Visibility, $515,000
    Where is this retail property located?
    The property is located at 703 Fayetteville St Asheboro, NC.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: $515,000 asking price for a 2.29-acre retail property in Asheboro, NC.; 250 feet of road frontage with a traffic signal providing high visibility.; 2018 ADT of 16,000 vehicles.
    (336) 633-1333
    Request Owner's contact information
    703 Fayetteville St Asheboro, NC 27203
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    Asheboro, NC 27203
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    703 Fayetteville St Asheboro, NC 27203
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