201 Chatham St - Office/Residential FOR SALE


Sanford, NC 27330
$2,200,000 USD
919-469-4700
201 Chatham St, Sanford, NC for Sale
$2,200,000 USD
Office/Residential - FOR SALE
1/95
null | Request Cap Rate

201 Chatham St
Sanford, NC 27330


HIGHLIGHTS

  • Beautiful historic mixed-use building that combines office with residential space in a walkable downtown area on Sanford NC.
  • Original hardwoods preserved on second level with tall ceilings and touches of historic charm and character throughout.
  • 100% leased --two office leases in place, six residential long-term residential rental units and one fully furnished short-term rental unit.

OVERVIEW

RE/MAX United and The Living Local Team proudly present the sale of Sanford's historic Lutterloh building. This beautiful two-story brick building with basement, circa 1900, blends a unique history with modern urban residential and commercial purpose. Completely remodeled throughout and fully sprinklered, this building currently has 2 commercial leases, 6 residential leases and a short-term rental. The property has a beautiful courtyard with gate, mail kiosk and space to enjoy the outdoors. The first level has two commercial/office spaces featuring three street level entrances, tall ceilings, private offices, conference rooms and many unique pieces of history throughout. The second level has 7 one-bedroom apartments all with original hardwood floors, tall ceilings, full kitchens, full-size stackable washer/dryer, electric water heater, extra storage space, ceiling fans, full baths and plenty of unique charm and character. All apartments are accessed using one of two flights of stairs. Common areas are heated and cooled and have lighting. Full basement with outside access is unfinished with concrete floors. Server room in basement houses wifi for the building. Syndication Remarks: RE/MAX United and The Living Local Team proudly present the sale of Sanford's historic Lutterloh building. This beautiful two-story brick building with basement, circa 1900, blends a unique history with modern urban residential and commercial purpose. Completely remodeled throughout and fully sprinklered, this building currently has 2 commercial leases, 6 residential leases and a short-term rental. The property has a beautiful courtyard with gate, mail kiosk and space to enjoy the outdoors. The first level has two commercial/office spaces featuring three street level entrances, tall ceilings, private offices, conference rooms and many unique pieces of history throughout. The second level has 7 one-bedroom apartments all with original hardwood floors, tall ceilings, full kitchens, full-size stackable washer/dryer, electric water heater, extra storage space, ceiling fans, full baths and plenty of unique charm and character. All apartments are accessed using one of two flights of stairs. Common areas are heated and cooled and have lighting. Full basement with outside access is unfinished with concrete floors. Server room in basement houses wifi for the building.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lutterloh

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CBD/CZ

APN/PARCEL ID

9642-79-5797-00

ASK ABOUT THIS PROPERTY

Martha LucasRE/MAX UnitedMore Info
919-469-4700

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Martha LucasRE/MAX UnitedMore Info
919-469-4700

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