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2180 Northwest Blvd 10,052 SF 50% Leased Office Building Newton, NC 28658 $749,000 ($74.51/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High traffic count
  • Low costs
  • Long-term tenants

EXECUTIVE SUMMARY

Great investment opportunity cap. Good cap rate just with current tenants, with lots of upside potential! Very low maintenance costs with recent upgrades. Perfect for owner/user, medical/physical therapy, etc. with remaining available space. Call today at 828-405-3970.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
10,052 SF
Building Class
B
Year Built
1994
Price
$749,000
Price Per SF
$74.51
Cap Rate
7%
NOI
$52,430
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,026 SF
Building FAR
0.39
Lot Size
0.59 AC
Zoning
B-4 - General business zone.
Parking
34 Spaces (3.38 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Signage
  • Central Heating
  • Open-Plan
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste B
  • 2,200 SF
  • Office/Medical
  • Full Build-Out
  • Now

Separately metered for utilities of water, electric, and gas. Plenty of parking spaces. Internal medicine doctor is the other upstairs tenant. On a high traffic/ visibility road.

  • 2nd Floor
  • 2,500 SF
  • Flex
  • Full Build-Out
  • Now

Separately metered for utilities of water, electric, and gas. Plenty of parking spaces. Internal medicine doctor is the other upstairs tenant. On a high traffic/ visibility road.

Space Size Space Use Condition Available
1st Fl-Ste B 2,200 SF Office/Medical Full Build-Out Now
2nd Floor 2,500 SF Flex Full Build-Out Now

1st Fl-Ste B

Size
2,200 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Floor

Size
2,500 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Fl-Ste B

Size 2,200 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Separately metered for utilities of water, electric, and gas. Plenty of parking spaces. Internal medicine doctor is the other upstairs tenant. On a high traffic/ visibility road.

2nd Floor

Size 2,500 SF
Space Use Flex
Condition Full Build-Out
Available Now

Separately metered for utilities of water, electric, and gas. Plenty of parking spaces. Internal medicine doctor is the other upstairs tenant. On a high traffic/ visibility road.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3731208107770000
Land Assessment
$94,700
Improvements Assessment
$493,400
Total Assessment
$588,100
  • Listing ID: 30955773

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 2180 Northwest Blvd, Newton, NC 28658

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