704 Prospect Rd Pembroke, NC 28372
- Apartment buildings
- 38,184 SF
- 12.30 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 704 Prospect Rd
- Year built
- 2021
- Construction
- FRAME
- Lot size
- 12.30 lot acres
- Property size
- 38,184 SF
- Property type
- Apartment buildings
- APN
- 140403016
- APU
- 140403016
Description
This 1.95-acre retail site in Pembroke, NC, presents a unique investment opportunity. Located directly across from the main campus of UNC Pembroke, this property benefits from high student population density and significant foot traffic. The site is part of a new mixed-use development incorporating 570 student housing beds, ensuring a consistent customer base. The property is ideally situated approximately 1,500 feet from the recently completed $38 million James A. Thomas Hall, the new home of the Thomas School of Business at UNCP. This prime location offers exceptional visibility and accessibility. The site is available for purchase at $400,000, or alternatively, ground lease or build-to-suit options may be considered. This presents a flexible investment opportunity tailored to meet diverse business needs. The property's proximity to a major university and its strategic placement within a thriving mixed-use development make it an attractive proposition for businesses seeking to capitalize on a robust and growing market. The substantial investment in the new James A. Thomas Hall further underscores the commitment to growth and development in this area, making this retail site a compelling investment opportunity with significant long-term potential. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,250,000
- 6.5%
- $1,330,000
- 7%
- $1,295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,450,000
- Geo Method
- $1,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,675,000
- Retail
- $1,435,000
- Mixed-Use
- $1,400,000
- Hospitality
- $1,290,000
- Educational
- $1,665,000
- Residential Income
- $1,620,000
- Energy
- $1,280,000
- Income-Based Land
- $1,270,000
- Food Service
- $1,270,000
Location Insight
- Map
- Local Demand
- City
- Pembroke
- County
- Robeson
- State
- North Carolina
- Longitude
- -79.1967
- Latitude
- 34.6943
- CBSA code
- 31300
- CBSA name
- LUMBERTON, NC MICROPOLITAN STATISTICAL AREA
