$675,000
902 POWER ST CHINA GROVE NC 28023-2638
Details
APN 101 141
Property Type Retail, Office
Sub Type Restaurant, Storefront
Cap Rate 1.2%
NOI $8,105
Stories 1
Acreage 3.320
Ground Lease No
Zoned highway business- great for new businesses
Marketing description
Commercial business opportunity in a growing area.
Investment highlights
Located in a growing area near I85 and Hwy 29. This is the perfect location for commercial office and/or retail space. New residential subdivision recently built on Grove Street, connecting to Lentz Road. Macy's Distribution Center has also recently opened.
902 and 812 Power Street currently have investment rental homes on the property. Both are tenant occupied. (Would have to have rezoned from commercial back to residential in order to keep rental properties).
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$8,105.00
$675.42/mo
Valuation Metrics
0
DSCR
1.2%
Cap Rate
1.2%
ROI
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