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1489 N Main St 11,440 SF 100% Leased Retail Building Mocksville, NC 27028 $430,000 ($37.59/SF) 9.50% Cap Rate
Investment Highlights
- Multi-tenant, fully leased
- Versatile zoning
Executive Summary
This fully leased commercial property is an attractive investment opportunity located with frontage on N. Main Street (Highway 158) in Mocksville, NC. This versatile property features a 10,090± sf front building that has office and shop space on the main level with a combination of basement office and storage space. Behind the front building is a 1,350± sf metal garage built in 2021. The buildings are on a 0.54± acre site zoned Highway Commercial (HC), ideal for a variety of potential uses. Financials are available upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,440 SF
Year Built/Renovated
1954/2021
Price
$430,000
Price Per SF
$37.59
Cap Rate
9.50%
NOI
$40,850
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.54 AC
Zoning
HC - Highway Commercial
Parking
7 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
105’ on North Main Street
Property Taxes
| Parcel Number | I5-020-B0-004 | Improvements Assessment | $209,000 |
| Land Assessment | $70,570 | Total Assessment | $279,570 |
Property Taxes
Parcel Number
I5-020-B0-004
Land Assessment
$70,570
Improvements Assessment
$209,000
Total Assessment
$279,570
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1489 N Main St
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