Listed by Waldrop Properties Llc
$875,000
404-424 West Main Street
Details
APN 6-051-007
Property Type Retail, Office
Sub Type Telecom/Data Center, Traditional Office
Square Footage 20,922
NOI $63,006
Occupancy 96%
Tenancy Multi
Lease Type Gross
Price per SqFt $42
Acreage 1.640
Zoning Highway Commercial (HC)
Investment Type Value Add
Ground Lease No
Retail | 20,922 SqFt
Marketing description
Retail/Office/Flex Property located at 404-424 West Main Street in Havelock, North Carolina. This income-producing property with upside features approximately 20,922 square feet of leasable space on approximately 1.640 acres. The property is 96% leased with several month-to-month tenants with below market rents, offering significant value-add potential. Current tenants include Tekla Research, Inc, Town & Country Management, H&R Block, Snavely Insurance & Financial, and Science Applications International Corporation. The property is conveniently located approximately 1.1 miles to Marine Corps Air Station Cherry Branch.
Investment highlights
- Income Producing With Upside
- 96% Leased
- Several Month To Month Tenants With Below Market Rents
- Approximately 20,922 Square Feet
- Approximately 1.640 Acres
- Highway Commercial (HC) Zoning
- Portions Of The Building Have Fire Suppression
- Municipal Water & Sewer
- Building Signage For Tenants
- Approximately 1.1 Miles To Marine Corps Air Station Cherry Branch
Listing Contacts
Listed by Waldrop Properties Llc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,006.00
$5,250.50/mo
Valuation Metrics
0
DSCR
7.2%
Cap Rate
7.2%
ROI
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Tax History
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