346 S Worth St, Burlington, NC 27215
- Commercial real estate
- 5,000 SF
- 0.12 lot acres
Current Use by Public Records
- The Chill Place / Coworking & Hybrid Office
- Jennifer Boswell Real Estate Agent Proud REALTOR® and USMC Veteran / Real Estate Agency
Property Details for 346 S Worth St
- Year built
- 1910
- Lot size
- 0.12 lot acres
- Zone code
- B 3
- Property type
- Commercial real estate
- APN
- 135594
- APU
- 135594
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 15, 2017 | $250,000 | Royalty Realty LLC | Treasure House Downtown L | Warranty Deed | — |
| Apr 15, 2011 | $125,000 | Treasure House Downtown LLC | Moore,sandra M | Warranty Deed | — |
Description
This exceptional downtown Burlington, NC property at 346 S. Worth St. offers two available retail or office spaces, perfect for a variety of businesses. The building, constructed in 1910, boasts a total of 5,000 square feet across two stories. Each available suite provides a generous minimum of 2,427 square feet, with a maximum contiguous space of 2,500 square feet. The property is zoned for retail use and is classified as Class C. While the building does not include elevators, its prime location in the heart of Burlington offers excellent visibility and accessibility. Property taxes are $2.63 per square foot. The building consists of one structure and is suitable for multiple tenants, making it an ideal location for businesses seeking flexible and adaptable spaces. The open floor plans allow for customization to suit individual tenant needs. This is a unique opportunity to establish a presence in a vibrant and growing downtown area. The property's central location provides easy access to local amenities, transportation, and a thriving community. Don't miss this chance to secure your ideal space in this historic Burlington building.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $845,000
- 6.5%
- $780,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $868,000
- AI Estimate
- $592,000
Market price range: $308k - $1.18MMarket price range: $187k - $751k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $675,000 Current use
- AUTO REPAIR, GARAGE
- $590,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Alamance
- State
- North Carolina
- Longitude
- -79.4377
- Latitude
- 36.0936
- CBSA code
- 15500
- CBSA name
- BURLINGTON, NC METROPOLITAN STATISTICAL AREA
