201 Virginia Road
201 Virginia Road Edenton, North Carolina 27932 United States

$911,000
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Income producing 9,622 sq ft medical bldg in front of the Hospital in Edenton. Vidant has leased the bldg since 2009, current rent $142,817/yr with $24,362/yr expenses making the NOI $118,455. Current price gives this property an incredible 13%...
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Albemarle Area Association of Realtors MLS

Listing Courtesy of Rich Company
9,622 Sq Ft.
Interior
1.88 Acres
Exterior
Commercial
Property type
1958
Year Built
105032
Web Id
105032
MLS ID
Edenton-Chowan Schools
School District
40
days ago

About 201 Virginia Road

Income producing 9,622 sq ft medical bldg in front of the Hospital in Edenton. Vidant has leased the bldg since 2009, current rent $142,817/yr with $24,362/yr expenses making the NOI $118,455. Current price gives this property an incredible 13% cap rate! Lease has CPI index rent increase ability annually that was just exercised for the first time so the rent will increase by 17.2% to $167,381 in March 2021 (NOI $143,362) making it a 15.7% cap rate!! 15 exam rms, 7 restrms, multiple offices, conf rm, break rms, file rms, labs, and huge waiting & reception area. LL pays tax, ins, PM&E repairs.

Listing courtesy of Alex Rich, Rich Company

Property Information

Cooling
Central Air, Electric
Heating
Butane, Natural Gas, Propane
Features
Security Lighting, Handicapped Access, Stock Inventory, Restroom-Public, Restroom-Private, Inside Storage
Access
State Highway, Paved Road
Water Front Description
None
Year Built
1958
Exterior Features
Brick
201 Virginia Road, Edenton, North Carolina 27932 United States is a Commercial for Sale for $911,000 USD. Was built in 1958, has 9,622 Sq.Ft. on a lot of 1.88 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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