235 East Raleigh Street, Siler City, NC
Office | 8.46% CAP | 4,270 SqFt
Marketing description
Siler City is a growing market with the new Wolfspeed Silicon Carbide Wafer Manufacturing facility, Main Street downtown program, and the Western Chatham Chamber of Commerce. This building was a former law office and insurance office. Built in 1964. .25 acres. In downtown Siler City district with 13-space asphalt parking lot with additional parking on two streets. One level, center hallway divides the two spaces. There are 4 bathrooms with a toilet and sink in the whole building with 2 kitchenettes in the building with kitchen sink, cabinets, space for small fridge. There are alot of built-in shelving and cabinets throughout the building. The building is in the downtown Siler City district. The Town of Siler City says can be converted to mixed use, half residential and half commercial or can be all residential, make four 1,000 sq. ft. apartments or leave as is. The building is 75% leased with two-year leases in replace. One two-year lease has been renewed twice and one has not been renewed since inception. For more information, contact Christina Fisher, owner and NC licensed realtor at 919-656-9933.
Investment highlights
- Quality office space for sale with the following updates in the last four years:
- Old carpet removed and original epoxied concrete floor buffed and polished.
- Some LVP installed over concrete floor, approximately 30% of the space.
- Asphalt parking lot cracks sealed, lot painted and restriped and new asphalt curb installed for water direction.
- 5 new windows on the front of the building installed.
- Granite countertop in kitchenette of the left unit installed as well as new bathroom fixtures and kitchenette fixtures.
- Left unit painted.
- New toilet installed and new sink faucet installed in front bathroom.
- New back gutter installed and some trim repaired.
- Additional and identical sign post installed on right side for right unit.
- Approximately 50% of the incandescent lights converted to LED.
- Fresh paint on all exterior doors, casings, and interior hallway as well as weather-striping installed on the three front doors.
- Front center door painted along with the fiber-cement casing painted.
- Center hallway painted.
- 4 hvacs serviced on an annual basis.
- Exterior maintenance done on a bimonthly basis.
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