4-Unit Medical/Office Bank Owned Building Two story medical / office building on ±2.118 Acres in Boiling Springs, NC BANK-OWNED & PRICED TO SELL $659,000 SEE INSIDE FOR MORE INFORMATION!
327 West College HomeTrust Bank (the Seller ), through G/M Property Group, LLC, as its exclusive agent, is soliciting offers for the purchase of 327 West College Avenue, Cleveland County, Boiling Springs, NC 28152 (the Property ). EXECUTIVE SUMMARY OFFERING TERMS Seller seeks offers from qualified buyers to acquire the Property. The Property will be conveyed by special warranty deed and is available on an As Is basis subject to a short due diligence period. INVESTMENT HIGHLIGHTS Bank-owned property discounted for immediate sale in Boiling Springs, NC. ± 5,4 4 4 gross SQFT medical/office building ±2.12 acre parcel 1ST FLOOR 2 suites on first floor built out for medical offices. Each suite is 1,633 SQFT. 2ND FLOOR 2 suites on 2nd floor built out for general office use. Each suite is 1,040 SQFT. Road frontage on two streets. West College Avenue is the main east-west artery that leads to downtown Boiling Springs. Adjacent to Gardener Webb University. ±5.5 miles from Highway 74 ±12 miles from Interstate 85 ±1.2 acres of excess land for future development. ±0.6 miles from downtown Boiling Springs, NC ±10 miles southwest of downtown Shelby, NC
INVESTMENT SUMMARY Old Airport Road PRICE $659,000 TOTAL LAND AREA ±2.12 acres EXCESS LAND ±1.2 acres of excess land is available for future development GROSS BUILDING AREA ±5,444 SQFT Unit A - 1st Floor - 1,633 SQFT Unit B - 1st Floor - 1,633 SQFT Unit C - 2nd Floor - 1,040 SQFT Unit D - 2nd Floor - 1,040 SQFT Common Area - 98 SQFT PRICE PER BUILDING SQFT $121.05 OCCUPANCY 100% Vacant LEGAL Parcel ID: 54108 Deed Bk/Pg: 1707/143 ZONING B-1 Commercial District Town of Boiling Springs ROAD FRONTAGE ±184 feet on West College Avenue ±537 feet on Creekside Drive 2014 TRAFFIC COUNTS (VPD) ±6,900 to east on W. College Ave ±4,100 to west on W. College Ave PARKING 39 spaces (includes 4 handicap spaces) 2017 PROPERTY TAXES $4,713.93 GENERAL DESCRIPTION ±5,444 SQFT medical/office building on a ±2.12 acre parcel in Boiling Springs, NC. ±1.2 acres is not needed to support existing improvements and is available for future development. MARKET SUMMARY The Property is centrally located in Boiling Springs, North Carolina (2013 population: 4,607), just outside of Shelby, NC (2013 population: 20,325); proximate to Gardner Webb University, a private four-year university with currently 4,282 enrolled students. Located in Cleveland County, its largest 3 employers (1000+ employees each) are within easy driving distance of the Property. Cleveland County is the gateway between Asheville and Charlotte and has a population of approximately 100,000. The Property is ±9 miles (15 minutes) from 2017 PROPERTY ASSESSMENT/TAXES DEMOGRAPHICS downtown Shelby, City of Pleasant Living located at the confluence of the beautiful rolling foothills of the Blue Ridge Mountains and bustling Metrolina region of the Carolinas. Outstanding access: ±4 miles from Highway 74, which allows access to both I-85 & I-26. Provides quick access to Charlotte, Asheville, and the Greenville-Spartanburg area. The location allows convenient access to two international airports - Charlotte-Douglas, a short 50 minute drive and Greenville- Spartanburg, an hour and 15 minute drive just over the South Carolina state line. PROPERTY ASSESSED VALUE JURISDICTION RATE/$100 54108 -Cleveland Co. $432,471 Cleveland County: $0.57 Town of Boiling Springs: $0.37 School Rate: $0.15 Total Rate: $1.09 Total Taxes: $4,713.93 Gardner-Webb University College of Health Sciences 2017 DEMOGRAPHICS 3 MILE RADIUS 5 MILE RADIUS 10 MILE RADIUS Population 7,489 15,451 69,709 Median Age 32 36 40 Average Household Income $69,296 $63,444 $53,126
BUILDING DESCRIPTION GENERAL 2-level mixed-use (medical & general office) building located in Boiling Springs, NC GROSS BUILDING AREA ±5,444 SQFT 1ST FLOOR Unit A: 1,633 SQFT (2 restrooms / 1 utility room / 4 exam rooms / reception-admin / 1 office with water hookup / 1 closet) U nit B: 1,633 SQFT (2 restrooms / 1 utility room / 4 exam rooms / reception-admin / 1 office with water hookup / 1 closet) 2ND FLOOR Unit C: 1,040 SQFT (1 restroom / 2 offices) Unit D: 1,040 SQFT (1 restroom / 2 offices) YEAR BUILT 2000 CONFIGURATION First Floors: Reception/waiting areas Medical record areas Patient exam rooms Private offices & restrooms Second Floors: Private offices Restrooms Open work areas HVAC Four ground-mounted units FOUNDATION Concrete EXTERIOR Brick veneer ROOFING Gable roof with architectural composition shingles INTERIOR FINISHES Drywall, base and wall cabinets, flourescent fixtures Wood, carpet, sheet vinyl, vinyl tile OTHER FEATURES Exterior rear entrance and stairwell ±98 SQFT of common area Asphalt-paved parking for 39 vehicles including 4 handicap spaces One curb-cut entrance along College Additional curb-cut along shared entrance
BUILDING EXTERIOR BUILDING SKETCH
327 WEST COLLEGE BOILING SPRINGS NC GIS Creekside Dr West College Ave College Manor PLAT
Main Street BOILING SPRINGS West College Ave Gardner-Webb University College of Health Sciences Gardiner Webb University SITE DESCRIPTION LOCATION Property is located west of downtown Boiling Springs. Adjacent to Gardner Webb University. 10 miles from Shelby, NC. ACCESS Via West College Avenue & Creekside Drive 2014 TRAFFIC COUNTS 6,900 VPD to east of West College Ave 4,100 VPD to west of West College Ave ROAD FRONTAGE 184 on West College Ave 537 on Creekside Drive SITE AREA ±2.12 acres SHAPE Approximate rectangle ZONING B-1 Commercial Distrcit Town of Boiling Springs TOPOGRAPHY Generally level SEWER Public WATER Public ELECTRIC Public TELEPHONE Public EASEMENT Typical for road R.O.W. and public utilities FLOOD PLAIN The site is not located in a flood hazard area SITE WORK Asphalt-paved parking for 39 vehicles (including 4 handicap spaces), concrete walkways, two curb-cut entrances, and typical landscaping
LOCATION ADDRESS 327 West College Avenue Boiling Springs, NC 28152 GPS COORDINATES 35 15 4.46, - 81 40 41.80 All information is from sources deemed reliable. No warranty nor representation is made as to the accuracy thereof and all information herein is subject to errors, omissions or change without notice. FOR MORE INFORMATION Please contact Jeremy Goldstein or John Menkes at G/M PROPERTY GROUP, LLC P.O. Box 18723 Asheville, NC 28814 (828) 281-4024 jgold@gmproperty.com jmenk@gmproperty.com www.gmproperty.com Jeremy Goldstein John Menkes YOUR COMMERCIAL REAL ESTATE EXPERTS SINCE 2001.