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Truist Bank 261 N Fayetteville St 9,750 SF Retail Building Asheboro, NC 27203 $2,459,000 ($252.21/SF) 6.99% Cap Rate
Investment Highlights
- Traffic signal intersection
- Located very near Randolph Hospital
- Located between CVS and Walgreens
Executive Summary
2-story bank building near downtown Asheboro. Could be used for a variety of office types. Ground floor has lobby, teller area, vault room, offices, and restrooms. Second floor has offices and restrooms. There is an elevator in the lobby. Drive-thru canopy on the south side of the building. Lots of asphalt parking in front, rear, and side of building. Traffic signal at entrance to parking lot. Well-kept landscaping.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
9,750 SF
Building Class
B
Year Built
1988
Price
$2,459,000
Price Per SF
$252.21
Cap Rate
6.99%
NOI
$171,960
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.78 AC
Zoning
B-2 - City of Asheboro zoning.
Parking
30 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
140’ on North Fayetteville Street
Amenities
- Banking
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 7751-83-3904 | Improvements Assessment | $1,317,900 |
| Land Assessment | $405,600 | Total Assessment | $1,723,500 |
Property Taxes
Parcel Number
7751-83-3904
Land Assessment
$405,600
Improvements Assessment
$1,317,900
Total Assessment
$1,723,500
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Truist Bank | 261 N Fayetteville St
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