231 Kings HwyEden, NC 27288

Property Details for 231 Kings Hwy

Year built

1974

Property size (Sq ft)

4,793 SF

Zone code

HWY 14 BUS EDEN

Property type

Retail properties

Property subtype

Banks

APN

7989-05-19-1281-L1

APU

798905191281L1

Description

This exceptional 4,899 square foot executive office building, located at 231 W. Kings Highway in Eden, North Carolina, presents a unique investment opportunity. The property, situated on a substantial 30,000 square foot lot, boasts a rich history as a former bank branch, complete with a convenient drive-thru window. The building's layout includes 3,359 square feet of main level office space, thoughtfully designed to include a teller line, perfectly suited for a variety of professional uses. Upstairs, a 1,540 square foot second floor offers a versatile meeting room and break room, providing ample space for collaboration and employee amenities. Built in 1972, the building is zoned BH-1 (Business Highway), offering significant potential for a range of commercial enterprises. The asking price is $499,000, translating to $101.86 per square foot. This property's prime location in Rockingham County, North Carolina, zip code 27288, offers excellent visibility and accessibility. The combination of its unique features, ample space, and strategic location makes this a truly compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $772,997

  6.5%

  $713,536

  7%

  $662,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,533,142

  Geo Method

  $2,772,467

• Alternative Use

  Use

  Valuation

  Residential

  $601,894

  Hospitality

  $551,332

  Educational

  $458,702

  Medical

  $474,477

  Retail

  $713,536

Location Insight

City

Eden

County

Rockingham

State

North Carolina

Latitude

36.493

Longitude

-79.7443

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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