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121 W Davis St
Burlington, NC 27215
Retail Property For Sale
Investment Highlights
- Downtown Burlington location within the central business district.
- Approximately 2,352 SF spanning two floors with a versatile event layout.
- Flexible floor plan suitable for weddings, private celebrations, and corporate functions.
- Fully leased to an established event venue operator with in-place income.
- Features include hardwood floors, natural light, and restrooms on both levels.
- Offered at $335,000 with an 8% cap rate, delivering immediate return potential.
Executive Summary
An attractive downtown investment opportunity is now available in Burlington’s vibrant central business district. This property is leased to an experienced event venue operator, offering an immediate in-place income stream with a noted history of successful operations and strong market demand.
The building spans approximately 2,352 square feet across two levels and features a flexible floor plan that accommodates various event types. Notable features include classic hardwood floors, restrooms on both levels, and abundant natural light. The layout supports functions such as weddings, celebrations, corporate gatherings, and other special events—driving consistent revenue and repeat bookings.
Located in the heart of Burlington, the property benefits from close proximity to retail, dining, and municipal destinations. With a competitive price of $335,000 and an attractive 8% cap rate, this asset offers stability as well as income growth potential for investors seeking a property with proven tenant performance and a versatile, durable use profile. Owner offers also up to 5-year lease back.
The building spans approximately 2,352 square feet across two levels and features a flexible floor plan that accommodates various event types. Notable features include classic hardwood floors, restrooms on both levels, and abundant natural light. The layout supports functions such as weddings, celebrations, corporate gatherings, and other special events—driving consistent revenue and repeat bookings.
Located in the heart of Burlington, the property benefits from close proximity to retail, dining, and municipal destinations. With a competitive price of $335,000 and an attractive 8% cap rate, this asset offers stability as well as income growth potential for investors seeking a property with proven tenant performance and a versatile, durable use profile. Owner offers also up to 5-year lease back.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,352 SF
Building Class
C
Year Built
1930
Price
$461,677 CAD
Price Per SF
$196.29 CAD
Cap Rate
8%
NOI
$36,934 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.03 AC
Zoning
B 3 - Business
Parking
3 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 135591 | Improvements Assessment | $122,876 CAD |
| Land Assessment | $10,408 CAD | Total Assessment | $133,284 CAD |
Property Taxes
Parcel Number
135591
Land Assessment
$10,408 CAD
Improvements Assessment
$122,876 CAD
Total Assessment
$133,284 CAD
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