404-424A W Main St - Retail FOR SALE


Havelock, NC 28532
$975,000 USD
919-612-6696
404-424A W Main St, Havelock, NC for Sale
$975,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

404-424A W Main St
Havelock, NC 28532


OVERVIEW

An income producing retail/office/flex property with upside potential in Havelock, NC. The Property is approximately 1.1 miles from Marine Corps Air Station Cherry Branch. The main building is 18,922 square feet with an approximately 2,000 square foot stand-alone shop/warehouse building with roll-up/drive-in doors, on approximately 1.64 acres. A partial list of existing tenants includes H&R Block, Snavely Insurance & Financial (Sate Farm), Lycanthrope Entertainment, Science Applications International Corporation, Tekla Research, and Town & Country Management. The Property is approximately 96% leased with approximately 840 square feet vacant. Many of the tenants are month to month with below market rents. The offering price is $975,000, which is approximately $46.60 per square foot (well below replacement cost). Upon execution of a Confidentiality Agreement (attached to this listing), a rent roll, estimated NOI calculation with expenses, and Leases can be provided.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

404-424 W Main Street, Havelock

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

Highway Commercial (HC)

APN/PARCEL ID

6-051-007

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.