401 Church Street, Edenton, NC 27932
sale
$1,750,000
|
Retail, Other, Office
Courtesy Of Rich Company
Incredibly restored former Peanut Mill, now a 5 story office building 17,804 sq ft gem of a property w/7.8% cap rate. Fully leased to a gym on the bottom floor and an accounting firm leases floors 2-5. LL pays taxes and insurance of $27,429.65 tenants pay $163,698/yr in 2021 (NOI $136,268.35) and lease rate adjusts upward only with CPI every January. Incredible architecture, built in 1909 restored 2004-2005. 45 parking spaces, 2 handicapped, natural gas generator, handicapped accessible, working elevator. Tenants pay for all maintenance including HVAC. See more details below in Remarks.
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Property Features
- Age: Over 50 Years Old
- Amenities: Elevaor
- Amenities: Disabled Access
- Amenities: Security System
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Brick
- Floor Covering: Concrete
- Floor Covering: Hardwood
- Heating System: Heat Pump
- MLSID: 101983
- Roof Type: Unknown
- Rooms: Full Bath
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