205 W Main St - Storefront FOR SALE


Havelock, NC 28532
$975,000 USD
919-612-6696
205 W Main St, Havelock, NC for Sale
$975,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

205 W Main St
Havelock, NC 28532


OVERVIEW

A value-add investment opportunity in Havelock, NC. The Property is located within “Eyesight” of Marine Corps Air Station Cherry Point. The building is approximately 22,030 square feet on approximately 1.28 acres. The anchor tenant, at present, is Rent-A-Center. There is approximately 12,328 square feet of vacant space The largest vacant space is approximately 7,000 square feet. However, it is adjacent to an approximately 2,000 square foot space with a month-to-month lease, and an approximately 3,866 square feet vacant shop space with roll-up/drive-in doors. Several of the other tenants are month to month, which provides a great opportunity to reposition the Property and increase rents. The roof on building was replaced in 2020. The offering price is $975,000, which is approximately $44 per square foot (well below replacement cost).

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

Highway Commercial (HC)

APN/PARCEL ID

6-060-047

ASK ABOUT THIS PROPERTY

Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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