Commercial / Investment Property
5229 Hwy 301 South

This commercial investment property includes a main building divided into several sections including a modern repair shop, show room, office, multi-use area and a two-bed room, one bath apartment. The property also includes a separate three-bed room two-bath house. The total over heated space is over 7,000 sq ft. The property is ideally suited for any kind of service, repair business or wholesale outlet. Asking price is $630,000.00 with some seller held financing considered.

Location is on the northbound service road of Hwy 301 just north of the Hwy 59 exchange. The zoning is CP or planned commercial and allows all commercial activities. The site is approximately one acre with 189 feet of road frontage. Most of the site has six foot chain link security fencing security lighting. There is high visibility from both Hwy 59 and Hwy 301. Traffic count on both roads ranged from 11000 to 13000 vehicles per day in 2000. Airport is less than five miles and access to I-95 is less than one mile. The lot is level and utilities include a well and septic systems.

The main building originally built in 1950 is brick and masonry construction with a roof system of typical wood trusses, wood sheathing with twenty year composite shingles. This area is provides the space for a two-bedroom apartment and showroom. The 1165 sq ft apartment has a kitchenette open to the living room and is heated with electric baseboard and has window air conditioning. Currently vacant but it has previously rented in the $400.00 per month range. Separate from the apartment but connected to the office and shop areas is the show room with 882 sq ft plus a small office-storage area overhead. Currently this area is used for parts storage and over the counter sales. Heating is by infrared propane gas. The eastern section of the building was added in 1998 is of steel panel construction. It contains a 300 sq ft office, 800 sq f t conference room, bath and fully equipped kitchen with counter tops and cabinets, 800 sq ft partially finished storage room for future expansion, all are heated and cooled by electric heat pump system. The interior finish consists of combination drywall and painted block walls, panel wainscoting, and tile floors, and smooth ceilings with exposed fluorescent lighting.

The 1998 expansion also included a 1600 sq ft modern shop area. Overall height is sixteen feet with three fourteen feet wide by fourteen foot high roll up doors. The flooring was poured with six inches of reinforced four thousand pound per sq ft concrete. In addition to the shop there is over 3000 sq ft of addition concrete apron surrounding the shop to allow for staging and future expansion. The shop area is heated with two 110,000 BTU infrared gas heaters however the area only requires one, the other is a back up unit. Lighting is by sodium vapor high efficient fixtures.

The separate 1355 sq ft three-bed room, two-bath house was originally built in 1962 but was completely remodeled in 2002. These improvements included new roof shingles, kitchen cabinets and counter top, new carpet and vinyl flooring throughout and fresh paint. New interior and insulated exterior doors with storm windows and doors were added. The kitchen includes a microwave over the stove, dishwasher and refrigerator. It is heated and cooled by heat pump. Extra insulation has been added plus thermostatic controlled attic fans for energy efficiency. The estimated rental income for the house is $650.00 per month.

 

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Jim Mohler, CRS
REMAX Choice Realtors

3820 Raeford Road
, Fayetteville, NC. 28304
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