$290,000
( $268.52Per Sq Foot )
 $1,513 est/mo Sourced by Back At You

106 E King Street , Edenton, NC 27932

Edenton, NC 27932

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Description

Income producing historic office property built in 1898 in Downtown Edenton for sale with a 10.84% cap rate. Tenant is a CPA firm whose current lease pays $2,622 per month on a triple net lease where Tenant covers taxes, insurance, utilities, and repairs other than structural or major mechanical repairs. Building was completely renovated in 2007 with all new electric/wiring/panel, new HVAC, new windows except original storefront windows, and original oak floors were redone. Metal roof is in sound condition. Tenant does not intend on renewing lease after October 2025 so we are advertising it for lease along with the sale in hopes of finding a new Tenant with equal or better lease terms. Tenant would terminate lease earlier if Buyer wished to owner/occupy. Located across from the Hornthal Law Firm and the soon to be renovated Hinton Hotel, just two blocks from the Waterfront and frequently photographed historic cannons on the Waterfront. Property could also be converted to a residence with the addition of a kitchen, shower/bath, and laundry.

Details

MLS#100456525
Listing TypeFor Sale
Sub-TypeResale
StatusPending with Showings
Year1898
Days On Site82
Listing Provided ByRich Company | Alex Rich

Features

N/A1,080
ZoningCD
Acreage0.03

Market Activity 27932

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Listings Checked: 3 minutes ago
StateNC
CountyChowan
CityEdenton
Zip Code27932
AreaChowan
Community NameN/A
Listing VS Median (in N/A)
Price:
$290,000
low | high
Med:
$249,950
63.810344827586% of Average
SqFt:
1,080
low | high
Med:
2,131
47.268518518519% of Average
$ / SqFt:
$269
low | high
Med:
$123
100% of Average
On Site:
82
low | high
Med:
34.500000
100% of Average
Sourced by Back At You
Listing Updated: October 3, 2024 at 8:17:05 AM PDT