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Property profile & analytics
OFF-MARKET
Specialty properties

2632 College Ave Forest City, NC 28043

3,717 SF 4 ac lot Built 1962
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in Forest City, North Carolina, presents a unique investment opportunity. Situated on a level 4-acre lot, the property boasts two buildings totaling 3,717 square feet. The first structure is a 1,170 square foot brick office building, complete with four private offices, a reception/waiting area, break room, two bathrooms, and a conveniently located handicap-accessible ramp and bathroom. The second building is a 2,000 square foot pre-engineered metal insulated warehouse, featuring a generous 16-foot eave height, one 12-foot roll-up door, one 10-foot electric door, two passenger doors, and a half-bath. Built in 1962 and 1996 respectively, these buildings are zoned ETJ and offer excellent visibility and access from College Avenue, with an additional back entrance from Nottingham Drive. Underground electrical outlets are conveniently located along the property lines. The property's history as a mobile home sales lot adds to its versatility. This property is ideal for a variety of uses, including auto repair, storage, religious services, or a combination thereof. The asking price is $750,000. The property includes two units and features ceiling heights of 8 and 16 feet. The property's location in Rutherford County, NC, zip code 28043, offers convenient access to local amenities and transportation routes.

Property profile
Verified
Property type Specialty properties
Year built 1962
Total area 3,717 SF
Lot 4 ac (174,240 SF)
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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