508 Mulberry St Lenoir, NC 28645
- Industrial properties
- 3,564 SF
- 0.29 lot acres
Current Use by Public Records
- Farmer Don CPA / Accountant
Property Details for 508 Mulberry St
- Year built
- 1890
- Lot size
- 0.29 lot acres
- Property size
- 3,564 SF
- Property type
- Industrial properties
- APN
- 06 35 5 15
- APU
- 635515
Description
This meticulously maintained, 2,852 square foot office building in Lenoir, NC, presents a fantastic investment opportunity. Situated on a 0.32-acre lot, the property boasts six spacious offices, all featuring attractive hardwood floors. The main level comprises three offices, one highlighted by a charming natural gas fireplace. A fully equipped kitchen, complete with refrigerator, dishwasher, drop-in range, and ample cabinetry and storage, is also located on the main level, along with a half bath incorporating a cleverly concealed room providing laundry facilities, a natural gas water heater, and additional storage. A heated storage room, accessible from both inside the building and via the rear parking lot, adds to the property's versatility. Upstairs, three more offices offer built-in bookcases, complemented by a full bathroom featuring a shower and vintage vanity, plus extra storage. Convenient parking is available both on the street and in a shared rear parking area, with two additional building entrances from this area. The property also includes an unheated basement accessible from the interior and a 374 square foot outbuilding with electricity, ideal for extra storage or other uses. The building is zoned O-I.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $185,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $175,000
- Mixed-Use
- $200,000
- Hospitality
- $190,000
- Educational
- $195,000
- Residential Income
- $175,000
- Energy
- $195,000
- Income-Based Land
- $190,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Lenoir
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.5349
- Latitude
- 35.908
- CBSA code
- 25860
- CBSA name
- HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA
