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1505 E Ash St 2,182 SF 8% Leased Office Building Goldsboro, NC 27530 $635,000 ($291.02/SF) 1% Cap Rate



INVESTMENT HIGHLIGHTS
- Large Reception area
- Full bathroom and 1/2 bath upstairs
- 9 Spacious offices, 6 offices 1st floor / 3 offices 2nd floor
EXECUTIVE SUMMARY
Well-maintained stand-alone brick office building featuring nine private offices and a large reception area ideal for professional, medical, or administrative use. The property offers on-site parking with a small rear parking lit plus two front parking spaces, all accessible via a shared driveway for easy ingress and egress. Solid brick construction, efficient layout, and strong street presence make this a versatile space ready for immediate occupancy. Perfect for businesses seeking a private, self-contained office setting in a convenient location.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
2,182 SF
Building Class
C
Year Built
1946
Price
$635,000
Price Per SF
$291.02
Cap Rate
1%
NOI
$6,350
Percent Leased
8%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,091 SF
Building FAR
0.21
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
O&I - Permitted uses are professional offices or business offices, institutional uses and other non-retail office-type uses. I.E. Lawyer, real estate, etc.
Parking
9 Spaces (6 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
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VIDEOS
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Presented by
1st Choice Associates, LLC
1505 E Ash St
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