1225 Montlieu Ave - Freestanding FOR SALE


High Point, NC 27262
$500,000 USD
336-201-0965
1225 Montlieu Ave, High Point, NC for Sale
$500,000 USD
Freestanding - FOR SALE
1/14
null | 6.45% Cap Rate

1225 Montlieu Ave
High Point, NC 27262


HIGHLIGHTS

  • 2 Active Tenants
  • Approximately 1 Mile from High Point University
  • Value-Add Opportunity
  • 4,500 AADT
  • 6.4% CAP Rate
  • 25+ Parking Spaces

OVERVIEW

Invest in a growing area of the Triad with significant upside potential. Located just over one mile from High Point University - an area seeing significant growth from the University’s investment in the community. This retail and storage building houses two active Tenants who have been in place over 5 years. Current leases are month-to-month, but Tenants have expressed a desire to sign long-term leases. This provides investors an opportunity to help shape the leases (currently below market rate) prior to purchasing. This sturdy building is used as a Dry Cleaner’s business upstairs and used for storage downstairs. Please contact the broker to schedule a showing.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,470 SF

ZONING

COMM

APN/PARCEL ID

0183520

ASK ABOUT THIS PROPERTY

Louis BaldwinBaldwin PropertiesMore Info
336-201-0965

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Louis BaldwinBaldwin PropertiesMore Info
336-201-0965

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.