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19701 Bethel Church Rd - Cornelius Village Center 2,380 SF Office Condo Unit Offered at $729,000 in Cornelius, NC 28031
INVESTMENT HIGHLIGHTS
- Excellent Location
- Elevator Served
- Lease Office Condo Investment
PROPERTY FACTS
| Total Building Size | 18,000 SF | Typical Floor Size | 6,000 SF |
| Property Type | Office (Condo) | Year Built | 2002 |
| Building Class | B | Lot Size | 0.47 AC |
| Floors | 3 | Parking Ratio | 2.33/1,000 SF |
| Zoning | VC | ||
| Total Building Size | 18,000 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,000 SF |
| Year Built | 2002 |
| Lot Size | 0.47 AC |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | VC |
AMENITIES
- Bus Line
- Signage
1 UNIT AVAILABLE
Unit 201&202
| Unit Size | 2,380 SF | Sale Type | Investment |
| Price | $729,000 | Cap Rate | 6.79% |
| Price Per SF | $306.30 | NOI | $49,530 |
| Condo Use | Office |
| Unit Size | 2,380 SF |
| Price | $729,000 |
| Price Per SF | $306.30 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| NOI | $49,530 |
DESCRIPTION
For sale are two tenant occupied office condos used as one, located on the second floor. These suites are served by both stairs and elevator. You wont find a better location, just off Catawba and Bethel Church. Suite sizes are 1,236 and 1,134 totaling 2,380 RSF of office combined office space. Features include 8 offices, large work area, 2 bathrooms, kitchenette and various storage closets. Suites can be accessed from both the front and back of the building.
SALE NOTES
Space is leased through 2/28/27 Income:$59,400 annual ($4950/month with 3% annual escalations) Expenses: Property Taxes- Currently $1651.19 for suite 201 and $1704.45 for suite 202. HOA Dues- Currently $292.22 for Suite 201 and $250.64 for Suite 202. Building insurance is included in the HOA dues along with building common area maintenance fees, building exterior maintenance, water and common trash. Total expenses are $9,869.96 that yields a NOI of $49,530.04. Note, Tenant willing states they are willing to extend lease.
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19701 Bethel Church Rd - Cornelius Village Center
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