1-99 Park Ln - Retail FOR SALE


Havelock, NC 28532
$1,599,000 USD
252-222-3222
1-99 Park Ln, Havelock, NC for Sale
$1,599,000 USD
Retail - FOR SALE
1/8
null | Request Cap Rate

1-99 Park Ln
Havelock, NC 28532


HIGHLIGHTS

  • Strong Occupancy History
  • High Visibility and Central Location
  • Well Maintained Self Managed Asset

OVERVIEW

Investor Alert! Stable Income producing property with potential upside rent roll located in the central shopping district of Havelock, NC. This destination property consists of nearly 40,000 sq/ft and produces nearly 180k annually. Divided into multiple retail and entertainment parcels protects the investor from large income swings in the event of a unit vacancy. Current owner has been in place since 1992 so a rare opportunity to acquire bulk retail in this area. Tenants pay own utilities. Owner pays taxes, insurance, general repairs, and HVAC. Roof is completely covered in a Durolast membrane with metal sheathing on the overhangs/ awnings. Perfect 1031 opportunity as Cherry Point Marine Base has been growing over the past several years.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slocum Village

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Park Ln.

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

Commercial

APN/PARCEL ID

6-060-006

ASK ABOUT THIS PROPERTY

Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.