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401 Church Street E

Edenton, NC 27932
  • $1,750,000
  • STATUS: Active
  • ON SITE: 317 Days
  • ID#: 101983
UPDATED: 44 min ago
$1,750,000
  • 0
    BEDS
  • 1.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,804
    SQFT
  • $98
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1909
County:
Area:

School Ratings & Info

Description

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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IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-10-24T23:20:19.983
www.krisweaver.com/homes/112548755
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401 Church Street E Edenton, NC 27932

  • Price: $1,750,000
  • Status: Active
  • Updated: 44 min ago
  • ID#: 101983
0
Beds
0
Baths
0
½ Baths
1.08
Acres
17,804
SQFT
$98
$/SQFT
1909
Built
Neighborhood:
Edenton
County:
Chowan
Area:
Edenton
Property Description
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.
Exterior Features

Access City Street Construction Brick Foundation RaisedOther Roof Galvanized Waterfront None

Interior Features

Air Conditioning Central AirElectric Ceiling Height High Floors HardwoodConcreteOtherWood Heating System Heat PumpAir To Air Hvac 13 Units

Property Features

Annual Expenses 27429.65 Annual Income 163698.00 Area Description E Church St Hwy 32 E Of Downtown City Limits 1 Commercial Park N/A Commercial Park Fee N/A Current Lease Info Toning Mill & Sykes & Company Current Use RetailOtherOffice Documents On File Survey/PlatIncome/Expenses Electric Company Town Of Edenton Features Security SystemSecurity LightingHandicapped AccessElevatorRestroom-PublicRailroad SidingRestroom-PrivateInside StorageIndividual Electric Meters Financing Types CashConventional Flood Zone None Location City Lot Number N/A Number Buildings 1 Permitted Uses RetailFood ServiceOfficeBusiness ServiceMedical/Dental Tax Value 1711580 Tax Year 2020 Terms Of Existing Lease NetLong Term Lease Utilities Electricity ConnectedSewer ConnectedNatural Gas ConnectedWater Connected Zoning Jurisdiction Ch

Offered by Alex Rich of Rich Company.


IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-10-24T23:20:19.983
 
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