114 Franklin St, Warrenton, NC 27589-1934
This exceptional 2,814 square foot commercial property, situated on a 0.31-acre lot at 114 W Franklin Street in Warrenton, NC, presents a unique investment opportunity. Ideally located just one block from the courthouse and conveniently off Main Street, this building boasts high visibility and excellent accessibility. Previously utilized as an auto body shop and paint business, the property is equipped with a functional paint booth, ready for immediate use. The building features four 10x10 roll-up doors, providing ample access for vehicles and equipment. One bay is equipped with a lift, while another includes a convenient drain. The property's versatile layout and existing infrastructure make it suitable for a variety of businesses. Its prime location in Warrenton offers significant advantages for attracting customers and establishing a strong presence within the community. The asking price of $250,000 represents a compelling value for a property with such established features and a desirable location. This is an exceptional chance to acquire a well-positioned commercial space with significant potential for growth and profitability. The property's history as a successful auto body shop demonstrates its suitability for businesses requiring ample space and specialized equipment. Don't miss this opportunity to secure a prime commercial location in a thriving North Carolina town.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.