11% cap Office 106 E King Street Edenton NC

106 E King St, Edenton, NC 27932, USA
  • Property ID: 2611
  • Date added: 08/20/21
  • Post Updated: 2021-10-07 11:19:04
  • Bathrooms: 2
  • Floors: 1
  • Status:
  • Area: 1080 sq ft
  • Lot size: 1144 sq ft
  • Year built: 1898
  • Style: Brick

Description

Income producing historic office property in Downtown Edenton for sale with an 11% cap rate. Tenant is a CPA firm whose current lease runs through October 31 2025 with a renewal option of 36 months. Tenant pays $28,800 per year in rent (adjusts with the CPI every August) plus utilities taxes, insurance, and repairs except structural/major mechanical repairs. Base rent is $26.66/sq ft plus the NNN expenses. Building was completely renovated in 2007 with all new electric/wiring/panel, new HVAC, new windows except original storefront windows, original oak floors redone, metal roof is sound. Downtown Edenton is a very desirable place to work, live, eat, and visit with essentially all of the buildings and homes being historic but very well renovated, updated, and maintained.

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Features

Features:
  • Roof is in excellent condition
  • Zoning allows for majority of commercial uses
  • City SEWER!
  • Not in a flood zone
Amenities:
  • Handicapped access
  • Freestanding Building
  • Near Downtown & Waterfront
  • Newly renovated
  • 12'-14' ceilings

Documents

Agent

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Properties Qty: 95 Rating:

This style property is located in Edenton is currently and has been listed on The Rich Company. This property is listed at $ 261,818.00. It has 2 baths bathrooms, and is 1080 sq ft. The property was built in 1898 year.