Listed by J Marshall Realty
$450,000
22 South Talbert BLVD Lexington NC 27292
Details
APN 11071000C0008B
Property Type Office, Retail
Sub Type Creative Office, Storefront
Units 1
Cap Rate 6.67%
NOI $30,000
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Options Seller Leaseback
Broker Co-Op Yes
Year Built 1960
Buildings 1
Stories 1
Acreage 0.48 - 0.5
Zoning B
Investment Type Sale/Leaseback
Occupancy Date 01/01/2017
Ground Lease No
Ownership Lexington Community Church
Commercial property with Short-term Lease back
Marketing description
Located just off Talbert Blvd in Lexington, NC, this approximately 5,500 sq. ft. commercial building presents a strong investment opportunity. Featuring excellent road frontage, the property is currently being used as a church and offers versatile space, including two large rooms and several smaller rooms that can be repurposed as offices.
The building also includes a small kitchen, An additional lot behind the building provides potential for expanded parking or possible residential or commercial use.
The sellers are requesting a leaseback agreement while their new location is under construction. Please note that a portion of the property is located within a designated flood zone.
Listing Contacts
Listed by J Marshall Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,000.00
$2,500.00/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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