Edenton, NC 27932
MLS# 8101983
Status: Closed
10 baths | 17804 sqft
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., Property is for rent, Rail Available, est Taxes 19768.60, Neighborhood - E Church St Hwy 32 E of downtown, Current Lease Toning Mill & Sykes & Company, Annual Income is 163698.00
Last Updated: August - 01 - 2022
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.