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544 Morgan Rd
Eden, NC 27288
544-546 Morgan Rd · Retail Property For Sale
·
6,589 SF Total
Investment Highlights
- Two mixed-use buildings offered as one investment
- 100% occupied with established commercial and residential tenants
- Recently executed commercial lease with annual rent increases
- Six total income-producing units: 2 commercial, 4 residential apartments
- Diverse tenant mix providing stable income
- Excellent value-add and long-term investment opportunity, with an attractive 7.9% cap rate
Executive Summary
A rare opportunity to purchase two adjacent mixed-use buildings featuring commercial storefronts and residential apartments. This property offers multiple income streams with long-term upside through lease escalations and continued residential demand.
This well-maintained mixed-use investment provides immediate cash flow from six occupied units while benefiting from contractual rent escalations in the commercial lease. The combination of commercial and residential tenants creates a diversified income stream that appeals to both private investors and 1031 exchange buyers seeking stable returns.
This well-maintained mixed-use investment provides immediate cash flow from six occupied units while benefiting from contractual rent escalations in the commercial lease. The combination of commercial and residential tenants creates a diversified income stream that appeals to both private investors and 1031 exchange buyers seeking stable returns.
Property Facts
| Price / SF | $159.44 CAD / SF | Number of Properties | 2 |
| Cap Rate | 8.47% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 6,589 SF |
| Status | Active | Total Land Area | 0.26 AC |
| Price / SF | $159.44 CAD / SF |
| Cap Rate | 8.47% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,589 SF |
| Total Land Area | 0.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 544 Morgan Rd, Eden, NC 27288 | Retail | 3,600 SF | - | - |
| 546 Morgan Rd, Eden, NC 27288 | Retail | 2,989 SF | - | - |
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