NOT LISTED FOR SALE

2538 Us 70 Mebane, NC 27302

Estimated Value: $147,579

-- Bed
-- Bath
-- Sq Ft
0.52 Acres

Last Sold December 17, 2021

Last sale price $125,000

Est. 18% increase in value since last sale

Current estimated payment $863/month

165 Days on Market

About This Home

As of December 2021

Rare opportunity to own a nice piece of commercial property fronting Hwy 70 in fast growing Mebane NC near the new Mebane Bypass (Hwy 119). Property is zoned single occupancy retail. Previously used as a food condiment family business & as a seafood restaurant before that. Building is in fair shape & needs work before use, but the floorplan is configurable & consists of 2,292 square feet block construction. Large open room area, kitchen area & his/her bathrooms are on the inside. The land is nice & flat consisting of 0.52 acres with gravel parking. With a population of over 16,000 and growing rapidly, Mebane has revitalized its downtown, with vintage shops and delicious eateries. Served by 2 interstate highways (I-40 and 1-85), 40 minutes away from two international airports, and access to a large pool of highly skilled and well-educated workers, Mebane offers businesses the opportunity to grow and to thrive.

Last Agent to Sell the Property

Michael Jones

Allen Tate Summerfield License #278505 Listed on: 06/04/2021

Co-Listed By

Betty Smith

Allen Tate Summerfield License #33606

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $461

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 130 x 210 x 123 x 208
  • Level Lot
  • Cleared Lot
  • Property is zoned Retail

Interior Spaces

  • 1-Story Property

Community Details

  • No Home Owners Association
  • 2,322 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 9805959064
  • Tax Block 45

Property Details

Property Type

Other

Est. Annual Taxes

$461

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Investment
  • Prop. Type: Commercial
  • Business Type: Retail
  • Lot Size: 130 x 210 x 123 x 208
  • Co List Office Mls Id: GATC08
  • Co List Office Phone: 336-485-1881
  • Directions: From Greensboro, take I-40 East/From Raleigh, take I-40 West towards Burlington/Durham. Exit 150 Haw River from I-40 E/I-85. Turn left onto Jimmie Kerr Rd. Continue onto Trollingwood Rd. Turn right onto US-70 E/E Main St. Property will be on the left.
  • Building Stories: 1
  • Year Built: 1954
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_Lighting: Fluorescent
  • TRIADMLS_CityLimitsYN: No
  • Special Features: None
  • Stories: 1

Exterior Features

  • Lot Features: Cleared, Level

Utilities

  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 9805959064
  • Zoning: Retail
  • TRIADMLS_DeedPage: 0961
  • TRIADMLS_DeedBook: 3565
  • TRIADMLS_AcresRange: -

Rental Info

  • Land Lease Amount: 99999999

Tax Info

  • Tax Annual Amount: 461
  • Tax Block: 45
  • Tax Map Number: MEC01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Dec 17, 2021
Sold by
Ng Living Trust
Bought by
2538 Highway 70 Llc
Seller's Agent
Michael Jones
Allen Tate Summerfield
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$129,000
Sold Price
$125,000
Premium/Discount to List
-$4,000
-3.1%
Current Estimated Value
$147,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,579
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2538 Highway 70 Llc $125,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $125,000 -3.1% --
11/17/2021 11/17/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $129,000 -- --
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $702 $124,518 $42,471 $82,047
2024 $671 $124,518 $42,471 $82,047
2023 $625 $124,518 $42,471 $82,047
2022 $448 $59,698 $28,314 $31,384
2021 $454 $59,698 $28,314 $31,384
2020 $460 $59,698 $28,314 $31,384
2019 $463 $59,698 $28,314 $31,384
2018 $0 $59,698 $28,314 $31,384
2017 $409 $59,698 $28,314 $31,384
2016 $527 $76,917 $28,314 $48,603
2015 $524 $76,917 $28,314 $48,603
2014 -- $76,917 $28,314 $48,603
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Jones

    Allen Tate Summerfield

    (336) 750-6453

    33 Total Sales

    Michael Jones
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Betty Smith

    Allen Tate Summerfield

    (336) 451-4923

    610 Total Sales

    Betty Smith
    Section Image

  • N

    Buyer's Agent in 2021

    NONMEMBER NONMEMBER

See All Agents

Map

Source: Triad MLS

MLS Number: 1026944

Triad MLS

APN: 160851

North Carolina Alamance County Mebane 27302

2538 Us 70, Mebane, NC

This home is located at 2538 Us 70, Mebane, NC 27302 since 04 June 2021 and is currently priced at $147,579. This property was built in 1954. 2538 Us 70 is a home located in Alamance County with nearby schools including E.M. Yoder Elementary School, Woodlawn Middle School, and Eastern Alamance High School.

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