Property profile

315 Spring St Oxford, NC 27565

FOR SALE
Commercial real estate
Property ID
US53-3207985
4,191 SF 0.13 ac lot Built 1955
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 315 W Spring Street in Oxford, North Carolina, presents a fantastic investment opportunity. The completely renovated building boasts five individual rental units, each equipped with its own utility meters and a private restroom, providing maximum flexibility and efficiency for tenants. The property sits on a 0.13-acre lot and offers ample parking with over twelve designated spaces, supplemented by readily available street parking. Its prime location places it within convenient walking distance to downtown Oxford, ensuring high visibility and accessibility for businesses. The versatile nature of the building makes it suitable for a wide range of commercial ventures. The asking price is $689,000. This is a rare chance to acquire a turn-key commercial property in a thriving downtown area, offering immediate income potential and significant long-term growth prospects. The building's recent renovation ensures modern amenities and low maintenance costs, making it an attractive investment for both seasoned and new commercial property owners. The high number of parking spaces and the central location are key advantages in a competitive market. Don't miss this opportunity to own a piece of Oxford's vibrant commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 4,191 SF
Lot 0.13 ac (5,663 SF)
Zoning code R6
APN 192317011227
UPID US53-3207985

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center Foster Care Service

Location

315 Spring St Oxford, NC 27565
Oxford metro Census 970400 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
$703k
Blend (final) Blend
$320k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2020
$100,000

Zoning & alternative use

R6 · Oxford, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message