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819 West Ave 5,226 SF Retail Building Lenoir, NC 28645 $808,482 CAD ($154.70 CAD/SF) 5.89% Cap Rate
Investment Highlights
- Renovation is complete
Executive Summary
Perfect investment property with room for 2 tenants, If you desire. Building has had significant upgrades and updates and needs nothing.. previous Home to a two-story restaurant. Bottom level was a bar and kitchen is downstairs mid-level or Street level is perfect for a retail space and there’s staircase to the loft would make a good meeting room. There is even a two bedroom apartment upstairs perspective buyer would have to check with zoning to determine
the conditions of living there. There is a new tenant in place in the bar/club that enjoys a side street entrance separate from front door. Main floor has stage area at rear building. The possibilities are endless!
We know one thing for certain; buyer would have paying tenant.
Call me with any questions Thanks. George
the conditions of living there. There is a new tenant in place in the bar/club that enjoys a side street entrance separate from front door. Main floor has stage area at rear building. The possibilities are endless!
We know one thing for certain; buyer would have paying tenant.
Call me with any questions Thanks. George
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,226 SF
Building Class
B
Year Built/Renovated
1913/2016
Price
$808,482 CAD
Price Per SF
$154.70 CAD
Cap Rate
5.89%
NOI
$47,626 CAD
Tenancy
Single
Building Height
3 Stories
Slab To Slab
12’
Building FAR
3.00
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
-3
Parking
6 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
29’ on West Ave
Amenities
- Corner Lot
- Fireplace
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-1-7-1 | Improvements Assessment | $441,588 CAD |
| Land Assessment | $25,218 CAD | Total Assessment | $466,806 CAD |
Property Taxes
Parcel Number
06-1-7-1
Land Assessment
$25,218 CAD
Improvements Assessment
$441,588 CAD
Total Assessment
$466,806 CAD
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Presented by
George Mack Properties LLC
819 West Ave
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