164 E Main St - Storefront Retail/Residential FOR SALE


Forest City, NC 28043
$1,695,000 USD
561-982-9555
164 E Main St, Forest City, NC for Sale
$1,695,000 USD
Storefront Retail/Residential - FOR SALE
1/65
null | 5.86% Cap Rate

164 E Main St
Forest City, NC 28043


HIGHLIGHTS

  • Located in a high traffic area in the middle of downtown area
  • Access to Public transportation

OVERVIEW

Prime investment opportunity. Fully leased property with an annual income of $99,333. First floor is a restaurant that offers both indoor and outdoor seating, leased by, "The Hoot Nannie" who are currently on a five year lease with two five year options. Second floor consists of three 2 bedroom 1.5 bath apartments which are leased on annual basis.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

5.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C1

APN/PARCEL ID

427420

ASK ABOUT THIS PROPERTY

Samuel J CantorSamuel J CantorMore Info
561-982-9555

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Samuel J CantorSamuel J CantorMore Info
561-982-9555

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