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641 Washington St 7,234 SF 100% Leased Retail Building Eden, NC 27288 $1,882,600 CAD ($260.24 CAD/SF) 7.50% Cap Rate
Investment Highlights
- NNN lease
- Bulk Deal on the same strip
- rent increase opportunity
- All appliances convey
Executive Summary
Prime 9 residential units and one flex retail space in the downtown location, steady foot traffic, and established tenants create a strong foundation for cash flow, while residential units provide consistent rental income with opportunity to raise rental rates. Take advantage of the opportunity to get a bulk deal with up to FOUR buildings on the same strip. All mixed-use properties that offer flexibility, stability, and room for growth.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,234 SF
Building Class
C
Year Built
1930
Price
$1,882,600 CAD
Price Per SF
$260.24 CAD
Cap Rate
7.50%
NOI
$141,195 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.85
Lot Size
0.09 AC
Zoning
BC/ED - Business
Parking
20 Spaces (2.76 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 137555 | Improvements Assessment | $264,281 CAD |
| Land Assessment | $33,390 CAD | Total Assessment | $297,671 CAD |
Property Taxes
Parcel Number
137555
Land Assessment
$33,390 CAD
Improvements Assessment
$264,281 CAD
Total Assessment
$297,671 CAD
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641 Washington St
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