401 Church Street 401 Church Street Edenton, North Carolina 27932 United States
401 Church Street Edenton, North Carolina 27932 United States
$1,750,000
Commercial1 of 50
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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...
- 17,804 Sq Ft.
- Interior
- 1.08 Acres
- Exterior
- Commercial
- Property type
- 1909
- Year Built
- 101983
- Web Id
- 101983
- MLS ID
- 100
- days ago
About 401 Church Street
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.
Listing courtesy of Alex Rich, Rich Company
Listing courtesy of Alex Rich, Rich Company
Property Information
- Cooling
- Central Air, Electric
- Heating
- Heat Pump, Air to Air
- Features
- Security System, Security Lighting, Handicapped Access, Elevator, Restroom-Public, Railroad Siding, Restroom-Private, Inside Storage, Individual Electric Meters
- Access
- City Street
- Water Front Description
- None
- Year Built
- 1909
- Exterior Features
- Brick
Listing Courtesy of Rich Company
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