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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.
Retail space rented!
Brand new Roofs!
New HVAC systems
Note* if looking to Bundle; 600 Washington is converting into OFFICE FLEX SPACE!
Retail space rented!
Brand new Roofs!
New HVAC systems
Note* if looking to Bundle; 600 Washington is converting into OFFICE FLEX SPACE!
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