Asking Price:$325,000

Price/Sq. Ft.:$122.27

Building SF:2,658

Year Built:2006

Property Description

Excellent income producing retail real estate for sale in Gaston county in the state of North Carolina with 100% occupancy, steady income (lease signed for 15 years), and low maintenance!

RENT: The annual gross rent is $28,800 and NOI is approximately $23,555. The landlord does not own the retail businesses.

BUILDING DESCRIPTION: 2,658 SF ±, one story, two-tenant retail building; 1,920 SF upfit for use as a laundromat; 738 SF of general retail space; Light steel framed structure over a concrete slab foundation with prefabricated metal panel and brick veneer.

YEAR BUILT: 2006

SITE DESCRIPTION: 1.03 acres; 44,867 SF ±; Irregular shape; Adequate access and visibility from shared easement drive; All utilities available.

ZONING: B-2, Highway Business

For more details or to list your commercial real estate or business for sale, please call Madhur Gupta at (919) 428-9840. Information in this listing has been provided by the seller, and is subject to change without notice. Buyer(s) must independently verify this information, and we assume no responsibility for its accuracy or completeness.


Detailed Information

Type:
Retail
Building SF:
2,658
Building Status:
Established
Current Property Expenses:
Common Areas and Property Operating Expenses (Estimated General Maintenance and Reserves for Replacement and Structural Maintenance): $2,000 (Shared by Owner and Tenant; Currently actual annual expenses are $630 for grass cutting. General maintenance expenses includes the cost of maintaining the exterior of the building and the site improvements.
Location Description:
East side of an access drive behind an established shopping center sandwiched between major roads in Gaston county.
Current and Prior Use: Laundromat and Retail Shop

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