215 Church St Lenoir, NC 28645
- Commercial real estate
- 6,460 SF
- 137.00 lot acres
Current Use by Public Records
- Caldwell County Democratic Party / Political Party Office
- Bloom Counseling / Mental Health Service
- Global Shippers Association / Association / Organization / Corporate Office
- Wold logistics cargo / Transportation Service
- Smith Stevens & Ford: Ford Karen R CPA / Accountant
Property Details for 215 Church St
- Year built
- 1941
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 137.00 lot acres
- Property size
- 6,460 SF
- Property type
- Commercial real estate
- APN
- 06 1 1 4
- APU
- 6114
Description
This exceptional multi-unit office building, located at 215 Church Street NW in Lenoir, NC, presents a lucrative investment opportunity. Situated just steps from Main Street and the Caldwell County Courthouse, this property boasts excellent street frontage and high visibility. The building features a lower level with six finished offices, a spacious storage area, a shared common area, two restrooms, a reception area, and a convenient kitchen/break room. Currently, all lower-level offices are leased as individual units sharing the common areas. The upper level comprises two separate suites. Suite A, approximately 2200 square feet, includes a reception area, seven dedicated offices, two restrooms, a small kitchen area, and ample storage closets. Adjacent Suite B offers approximately 800 square feet, featuring a large entry area, an office, a central conference area, one restroom, and rear storage. The property includes a dedicated parking lot with seventeen spaces, supplemented by readily available street parking. Recent improvements include a new HVAC system installed in 2023. Currently, Suite A, Suite B, and four of the six lower-level offices are under lease. The 0.267-acre lot is commercially zoned and features slightly sloping topography. City water and sewer services are available, along with natural gas. A recent appraisal estimates the effective age of the building to be 25 years. The building's construction features masonry walls. This fully leased property offers strong cash flow and significant potential for future growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $290,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $290,000
- Mixed-Use
- $360,000
- Hospitality
- $305,000
- Educational
- $340,000
- Residential Income
- $380,000
- Energy
- $310,000
- Income-Based Land
- $345,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Lenoir
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.5411
- Latitude
- 35.915
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
