106 King Street
106 King Street Edenton, North Carolina 27932 United States

$261,818
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Income producing historic office property in Downtown Edenton for sale with an 11% cap rate. Tenant is a CPA firm whose current lease runs through October 31 2025 with a renewal option of 36 months. Tenant pays $28,800 per year in rent (adjusts...
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Albemarle Area Association of Realtors MLS

Listing Courtesy of Rich Company
1,080 Sq Ft.
Interior
.03 Acres
Exterior
Commercial
Property type
1898
Year Built
104292
Web Id
104292
MLS ID
Edenton-Chowan Schools
School District
27
days ago

About 106 King Street

Income producing historic office property in Downtown Edenton for sale with an 11% cap rate. Tenant is a CPA firm whose current lease runs through October 31 2025 with a renewal option of 36 months. Tenant pays $28,800 per year in rent (adjusts with the CPI every August) plus utilities taxes, insurance, and repairs except structural/major mechanical repairs. Base rent is $26.66/sq ft plus the NNN expenses. Building was completely renovated in 2007 with all new electric/wiring/panel, new HVAC, new windows except original storefront windows, original oak floors redone, metal roof is sound.

Listing courtesy of Alex Rich, Rich Company

Property Information

Cooling
Central Air, Electric
Heating
Heat Pump, Air to Air
Features
Handicapped Access, Restroom-Public, Restroom-Private, Inside Storage
Access
City Street
Water Front Description
None
Year Built
1898
Exterior Features
Brick
106 King Street, Edenton, North Carolina 27932 United States is a Commercial for Sale for $261,818 USD. Was built in 1898, has 1,080 Sq.Ft. on a lot of .03 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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