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637-639 Washington St 3,391 SF 100% Leased Retail Building Eden, NC 27288 $599,900 ($176.91/SF) 7.50% Cap Rate
Investment Highlights
- heavy foot traffic
- renovated
- rental increase potential
Executive Summary
Prime downtown locations, steady foot traffic, and established tenants create a strong foundation for cash flow, while residential units provide consistent rental income with opportunity to raise rental rates. Take advantage of the opportunity to get a bulk deal with up to FOUR buildings on the same strip. All mixed-use properties that offer flexibility, stability, and room for growth.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,391 SF
Building Class
C
Year Built/Renovated
1922/2021
Price
$599,900
Price Per SF
$176.91
Cap Rate
7.50%
NOI
$44,993
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.08 AC
Zoning
BC/ED - CB/RD Mixed use property
Parking
12 Spaces (4.02 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 137557 | Improvements Assessment | $50,797 |
| Land Assessment | $10,708 | Total Assessment | $61,505 |
Property Taxes
Parcel Number
137557
Land Assessment
$10,708
Improvements Assessment
$50,797
Total Assessment
$61,505
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637-639 Washington St