108 Boone RdEden, NC 27288

Property Details for 108 Boone Rd

Year built

1987

Lot size

0.41 AC

Property size (Sq ft)

1,800 SF

Zone code

GEN BUS EDEN

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

7070-15-73-0173-00

APU

70701573017300

Description

This exceptional investment opportunity presents a thriving gas station and convenience store located at 108 Boone Road, Eden, NC. The property benefits from a highly visible and easily accessible location, attracting both local residents and commuters. The substantial retail space is well-suited for continued operation and expansion. The gas station itself features underground fuel tanks, dispensing both regular and diesel gasoline, catering to a broad customer base. A well-stocked convenience store complements the gas station, offering a diverse range of products, from snacks and beverages to everyday necessities. This additional revenue stream significantly enhances the overall profitability of the business. Further boosting income, a lottery machine is also installed within the convenience store. This turnkey operation presents a rare chance to acquire an established and profitable business in a desirable location. The property's strategic placement and diverse revenue streams make it an attractive investment for both seasoned entrepreneurs and those seeking a stable, income-generating asset. The property is offered at $629,000. The lot size is 0 acres. The property type is retail.

• CAP approach

  CAP return

  Valuation

  6%

  $290,297

  6.5%

  $267,967

  7%

  $248,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $575,768

  Geo Method

  $1,041,193

• Alternative Use

  Use

  Valuation

  Residential

  $226,040

  Hospitality

  $207,051

  Educational

  $172,264

  Medical

  $178,189

  Retail

  $267,967

Location Insight

City

Eden

County

Rockingham

State

North Carolina

Latitude

36.5038

Longitude

-79.7584

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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