703 Washington StEden, NC 27288

Property Details for 703 Washington St

Year built

1952

Lot size

0.07 AC

Property size (Sq ft)

2,619 SF

Zone code

CENTRAL BUS EDEN

Property type

Office properties

Property subtype

Office buildings

APN

7979-07-58-1202-00

APU

79790758120200

Description

This exceptional commercial property, located at 703 Washington Street in the heart of Eden, NC, presents a fantastic opportunity for a variety of businesses. The building boasts a highly desirable location with significant foot and vehicular traffic, ensuring maximum exposure. Previously utilized as a law office, the space features a well-established layout comprising five spacious offices, each benefiting from impressive high ceilings. A dedicated receptionist area and comfortable waiting room are situated at the front of the building, providing a professional and welcoming atmosphere for clients. The property offers both front and side entrances, enhancing accessibility and convenience. The building sits on a 0-acre lot. While the square footage is not currently specified, the substantial interior space and strategic location make this a truly compelling investment opportunity at an asking price of $149,900. The presence of a full bedroom adds versatility to the space, potentially allowing for on-site residential use or expansion of office capabilities. This property is ready for immediate occupancy and presents a unique chance to establish a thriving business in a vibrant downtown setting. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $287,335

  6.5%

  $265,232

  7%

  $246,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $332,437

  Geo Method

  $601,165

• Alternative Use

  Use

  Valuation

  Residential

  $328,888

  Hospitality

  $301,260

  Educational

  $250,645

  Medical

  $259,265

  Retail

  $389,892

Location Insight

City

Eden

County

Rockingham

State

North Carolina

Latitude

36.4902

Longitude

-79.7649

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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