3948 Forest Oaks LnMebane, NC 27302

Property Details for 3948 Forest Oaks Ln

Year built

1994

Lot size

2.54 AC

Property size (Sq ft)

34,422 SF

Zone code

B 2

Property type

Retail properties

Property subtype

Retail space

APN

167507

APU

167507

Description

This exceptional 34,500-square-foot storefront property in Mebane, North Carolina, presents a compelling investment opportunity for owner-users or investors. Located at 3948 Forest Oaks Lane, this Class B building, constructed in 1994, sits on a 4.03-acre lot and boasts a highly desirable B-2 zoning. Its prime location is just 0.13 miles from I-40, providing excellent accessibility and visibility near thriving retail areas and new developments, including Tractor Supply. Currently housing two tenants, the flexible layout allows for division into up to six individual units, maximizing rental income potential. The property features ample parking (a 3.6 per 1,000 square foot ratio), enhancing convenience for tenants and patrons. Additional amenities include a swimming pool and an outdoor basketball court, adding value and appeal. The property has undergone upgrades and is well-maintained, ensuring a smooth transition for new ownership. The asking price is $6,250,000, translating to $181.16 per square foot. This represents a strong value proposition in a growing market with high demand for commercial space. The property's versatility, prime location, and existing tenant base make it an attractive investment for both short-term and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $8,157,132

  6.5%

  $7,529,660

  7%

  $6,991,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,911,090

  Geo Method

  $19,911,090

• Alternative Use

  Use

  Valuation

  Residential

  $6,351,550

  Hospitality

  $5,817,986

  Educational

  $4,840,496

  Medical

  $5,006,968

  Retail

  $7,529,660

Location Insight

City

Mebane

County

Alamance

State

North Carolina

Latitude

36.0706

Longitude

-79.2688

CBSA code

15500

CBSA name

BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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