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1404 Front St
Reidsville, NC 27320
1404 & 1406 Front Street · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Real Estate
- Great Investment Opportunity!!
- Tenants in Place
EXECUTIVE SUMMARY
Are you seeking an investment that consistently generates returns? This is a perfect opportunity to own prime real estate with tenants already in place! Where else could you invest $795,000 and earn a monthly return of $5,572? The property is currently occupied by solid long-term tenants, and a rent increase is expected within the next 4 to 9 months extending leases to 2028 and 2030. This all-brick building requires minimal maintenance. The owner is responsible for certain expenses, including utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. SHOWN BY APPOINTMENT ONLY! NO DRIVE BY! 1404 Front Street 2547 square foot & 1406 Front Street 1045 square foot.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,083 SF
Building Class
C
Year Built
2001
Price
$795,000
Price Per SF
$257.87
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,083 SF
Building FAR
0.09
Lot Size
0.75 AC
Zoning
OI/RD - Office Institutional
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 142565 | Improvements Assessment | $335,957 |
| Land Assessment | $106,375 | Total Assessment | $442,332 |
PROPERTY TAXES
Parcel Number
142565
Land Assessment
$106,375
Improvements Assessment
$335,957
Total Assessment
$442,332
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