Property summary
This exceptional 5,368 square foot commercial property, situated at 3451 Graystone Place SE in Conover, North Carolina, presents a unique investment opportunity. Located conveniently near Catawba Hospital, this property boasts a prime location ideal for a variety of commercial uses, particularly medical offices. The substantial square footage offers ample space for customization and development, allowing for the creation of a tailored commercial space to meet specific business needs. While the property requires significant renovations, this presents a chance for a buyer to add value and create a highly profitable venture. The 0.68-acre lot provides ample outdoor space, potentially for parking or future expansion. Currently priced significantly below tax value, this property represents a compelling investment opportunity for discerning buyers seeking a high-return project. The potential for substantial rental income, coupled with the flexibility for customization, makes this a truly unique offering in a desirable location. Don't miss the chance to transform this property into a thriving commercial enterprise. The property is located in Conover, NC.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive com…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Conover, NCThe P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive com…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The P-1 District is designed to accommodate medical and other professional offices, civic uses, and residential uses. It functions as a transitional zone between residential and zones which accommodate more intensive com…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for P-1 in Conover, NC.
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