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101 N Main St 2,208 SF Vacant Retail Building Lucama, NC 27851 $140,000 ($63.41/SF) 11.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Located within approximately 16 miles of the airport.
- 6-10 miles from the Interstate
- Less than 5 miles from the state highway
- Less than 5 miles from the County highway
- Approximately 16 miles from the nearest port
EXECUTIVE SUMMARY
Located on the corner of Main Street and West Oak Street in Downtown Lucama, This 2,208 Square Foot Brick Building with a metal roof provides excellent rental opportunities for Office Space or Retail Stores. This 4 unit building has 4 bathrooms and 3 separate electric meters with 4 entrance doors facing Main Street and one side door. Behind the building facing W. Oak Street are 4 additional lots with 2 storage buildings and an oversized open Shelter. 800, 840 and 1520 square feet of storage space. The fourth lot has a 1,520 square foot open shelter' All 5 properties total .34 Acres. Parking is available on North Main Street and West Oak Street. All of the storage buildings are in need of repairs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,208 SF
Building Class
C
Year Built
1972
Price
$140,000
Price Per SF
$63.41
Cap Rate
11.79%
NOI
$16,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.33 AC
Zoning
CD - Downtown Commercial
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $49,142 | |
| Land Assessment | $13,975 | Total Assessment | $63,117 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$13,975
Improvements Assessment
$49,142
Total Assessment
$63,117
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101 N Main St
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