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240-242 The Blvd
Eden, NC 27288
Retail Property For Sale
Executive Summary
An exceptional opportunity to acquire two adjoining mixed-use buildings being offered as one investment package. This income-producing property features two fully leased retail spaces and two residential apartments, providing immediate cash flow with a diversified tenant mix. This turnkey investment offers consistent income from multiple tenants while providing investors with an attractive cap rate and the stability of both commercial and residential revenue streams
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,662 SF
Building Class
C
Year Built
1920
Price
$672,756 CAD
Price Per SF
$404.79 CAD
Cap Rate
8.50%
NOI
$57,184 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.16 AC
Zoning
BC/ED
Parking
3 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
48’ on The Blvd
Property Taxes
| Parcel Number | 106216 | Improvements Assessment | $52,611 CAD |
| Land Assessment | $14,053 CAD | Total Assessment | $66,664 CAD |
Property Taxes
Parcel Number
106216
Land Assessment
$14,053 CAD
Improvements Assessment
$52,611 CAD
Total Assessment
$66,664 CAD
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