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Listed by CityPlat
$ 950,000
Est. payment | /mo
4,125 SqFt
$ 950,000
Est. payment | /mo
4,125 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,125 sqft
Price per Sqft $230
MLS Listing ID 10189756
HOA Y/N No
Year Built 2000
Annual Tax Amount $5,417
Lot Dimensions see plat
Property Sub-Type Retail
Source Doorify MLS
Land Area 4125
Property Description
Own income-producing real estate near Cary, NC. This 100% leased, 4,125 SF retail building comprised of 3 condos at 594 E Chatham St throws off $66,894 in NOI on day one, a 7.04% cap at the asking price. Fully leased Cary product under $1M with two established local tenants rarely hits the market. Don't miss your chance. Built in 2000; brick, single story, central HVAC $81,888 in-place gross rent; both leases gross, $14,994 total owner expenses NC Strength Gym through 1/2031 (3% bumps); Tully's Tattoo personally guaranteed (4% bumps) Zoned GC (General Commercial); Wake County REID 0285323 Downtown Cary trade area; 10 mi to Raleigh, 12 mi to RTP and RDU
Location
State NC
County Wake
Zoning GCP
Interior
Flooring Wood
Fireplace No
Exterior
Garage No
Building
New Construction No
Others
Tax ID 076416826860009 0285323
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Schools and Properties Nearby
Learn More About LPT Realty
Meagan Black
License ID: 334577