Downtown Edenton Historic 1898 income producing office
- Property ID: 3712
- Date added: 07/18/24
- Post Updated: 2024-07-19 18:04:34
- Bathrooms: 2
- Floors: 1
- Status: Active
- Area: 1080 sq ft
- Lot size: 1144 sq ft
- Year built: 1898
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.
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Features
- Roof is in excellent condition
- must see interior to appreciate
- Not in a flood zone
- Handicapped access
- Near Downtown & Waterfront
- Newly renovated
Agent
This style property is located in Edenton is currently Commercial Building For Sale Commercial Space For Lease Income Producing Property and has been listed on The Rich Company. This property is listed at $ 290,000.00. It has 2 baths bathrooms, and is 1080 sq ft. The property was built in 1898 year.
