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    FOR SALE
    Investment properties

    2013 S Fayetteville St, Asheboro, NC 27203

    15,106 SF 1.71 ac lot Built 1974
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2136681
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a substantial 17,000 square foot commercial building ideally situated in a bustling South Asheboro location. The property boasts a prime position ensuring high visibility and accessibility for any business. The main building is versatile, suitable for a variety of uses including retail, office space, or other commercial ventures. Adding to its appeal is a separate, well-maintained 4,900 square foot brick office complex, constructed in 1998, featuring eight individual office spaces. This secondary structure provides additional income potential and flexibility. The entire property is currently under lease, generating consistent rental income. Detailed lease information is available upon request. This is a rare chance to acquire a fully leased, high-performing commercial property in a thriving area, offering significant return on investment. The property's size and diverse layout make it an attractive prospect for both seasoned investors and those seeking a stable, income-generating asset. The strategic location within a busy commercial zone ensures continued high traffic and visibility, maximizing the potential for future growth and profitability. This turnkey investment requires minimal effort to maintain its current high occupancy rate and strong cash flow. Don't miss this opportunity to secure a valuable asset in a dynamic market.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1974
    Total area 15,106 SF
    Lot 1.71 ac (74,488 SF)
    Zoning code B2
    APN 7750720774
    UPID US53-2136681
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Line Drive Graphics Textile Manufacturer Factory
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.67M
    Blend (final) Blend
    $1.23M
    Owner & transaction history
    Kevin Bortree · 4 yrs held
    Kevin Bortree
    since 2021
    4 recorded transactions
    2021
    2019
    1969
    1969
    Zoning & alternative use
    B2 · Asheboro, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $1.9M +122.6%
    Restaurant $1.8M +115.1%
    Retail stores $1.3M +52.8%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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