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28878060
28878061

629 Monroe St, Eden, NC 27288 For Sale

JC
NC 305683
Linville Team Partners
Listed by Linville Team Partners
$795,536
217 days on market
Updated 57 days ago

629 & 633 Monroe Street

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,781
Units 2
Cap Rate 9.00%
NOI $48,000
Occupancy 50%
Lease Type NNN
Remaining Term 5
Year Built 1945
Year Renovated 2009
Buildings 1
Stories 1
Zoning BC/ED

Prime for an owner-occupant or value-add investor. Eden has seen recent investment in downtown.

Marketing description

Presenting an opportunity to invest in retail properties at 629 & 633 Monroe Street, Eden, NC. Offering ±4,781 total SF between the two spaces, recent updates have provided renovated facilities in a historic setting. Situated in this quaint downtown area, the properties provide ideal retail/restaurant spaces with high visibility and accessibility. 629 Monroe Street is best suited for an owner/operator featuring second generation restaurant space including furniture, fixtures, and equipment. 633 Monroe Street is occupied & income producing. That Little Pork Shop is Absolute NNN, generating annual NOI of $48,000. This opportunity can be sold as a portfolio or separately.

Investment highlights

  • High visibility

  • ±4,781 total SF

  • 2nd gen restaurant space

  • Offered as a portfolio or sold separately

Listing Contacts

JC
NC 305683
Linville Team Partners
Listed by Linville Team Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,000.00
$4,000.00/mo

Valuation Metrics

0
DSCR
6.03%
Cap Rate
6.03%
ROI

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Additional Information

Name
Jordan Cooper
License
305683
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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