401 Church Street
401 Church Street Edenton, North Carolina 27932 United States

$1,750,000
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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...
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Albemarle Area Association of Realtors MLS

Listing Courtesy of Rich Company
$1,750,000
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17,804 Sq Ft.
Interior
1.08 Acres
Exterior
Commercial
Property type
1909
Year Built
101983
Web Id
101983
MLS ID
Edenton-Chowan Schools
School District
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

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
401 Church Street, Edenton, North Carolina 27932 United States is a Commercial for Sale for $1,750,000 USD. Was built in 1909, has 17,804 Sq.Ft. on a lot of 1.08 Acres and it's composed from Bedrooms, full baths

 

Listing Courtesy of Rich Company
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Albemarle Area Association of Realtors MLS

Listing Courtesy of Rich Company
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