804 Camden Rd Wadesboro, NC 28170
- Retail space
- 4,080 SF
- 0.37 lot acres
Current Use by Public Records
- Retail space
Property Details for 804 Camden Rd
- Year built
- 1953
- Lot size
- 0.37 lot acres
- Property size
- 4,080 SF
- Property type
- Retail space
- APN
- 6474-19-51-6753
- APU
- 647419516753
Description
This 4,000 square foot retail space at 804 Camden Road, Wadesboro, NC, presents a fantastic opportunity for a variety of businesses. Situated on a 0.37-acre lot, the property boasts a spacious, open interior layout currently divided into two sections: one measuring 40' x 40' and another 40' deep by 100' long. The interior features office space, a bathroom, and a storage room, along with a smaller product display area behind a long customer service counter. The space benefits from fresh paint, good lighting, and adequate heating and air conditioning. A significant feature is the robust, protective metal-reinforced glass front, a legacy from its previous use as a pharmacy for over four decades. The property's location is a key advantage, directly across from a high-traffic IGA grocery store, ensuring excellent visibility and customer flow. The only other grocery store is across Highway 74, further emphasizing its strategic position. Access to major roadways is convenient, with easy connections to US 74 and Highway 52. Commuting is straightforward, with Rockingham, Monroe, Cheraw, and Chesterfield all within a 30-minute drive. While the owner prefers a sale, long-term lease options will be considered. Note that the property cannot be used as a drug store until after 2025. Priced at $250,000, this property offers exceptional value and potential in a thriving rural community, approximately one hour from Charlotte and two hours from Raleigh.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $165,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $180,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $170,000
- Mixed-Use
- $155,000
- Hospitality
- $140,000
- Educational
- $140,000
- Residential Income
- $160,000
- Energy
- $185,000
- Income-Based Land
- $150,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Wadesboro
- County
- Anson
- State
- North Carolina
- Longitude
- -80.0826
- Latitude
- 34.9589
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
