Listed by Town & Country Real Estate
$1,024,000
803 Dawson St, Wilmington, NC
Details
Property Type Office
Sub Type Traditional Office
Square Footage 3,471
Net Rentable (SqFt) 3,471
Units 12
Cap Rate 6.77%
NOI $69,300
Occupancy 75%
Tenancy Multi
Pro-Forma Cap Rate 5.69%
Pro-Forma NOI $58,300
Price per SqFt $295
Class B
Year Built 1920
Buildings 2
Stories 1
Acreage 0.230
Zoning UMX
Parking Spaces 15 spaces
Parking Per SqFt 4.32
Investment Type Net Lease
Ownership At Closing
Great investment opportunity in downtown Wilmington
Marketing description
High profile corner location in downtown Wilmington. 20,000+ cars daily. Executive multi-tenant building with 12 suites (8 occupied). Listing includes 82x60 adjoining lot providing off street parking. Recent renovations include newer roof, newer hvac and recent upgraded plumbing and electrical. Four restrooms, full kitchen and large covered terrace. Suite 821 is a private suite offering open office, restroom and private patio. Great property to add to diversify your portfolio!
Investment highlights
High profile corner location in downtown Wilmington. 20,000+ cars daily Exposure
Listing Contacts
Listed by Town & Country Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,300.00
$5,775.00/mo
Valuation Metrics
0
DSCR
6.77%
Cap Rate
6.77%
ROI
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