421-425 S Broad St - Storefront Retail/Residential FOR SALE


Edenton, NC 27932
$899,900 USD
757-576-5768
421-425 S Broad St, Edenton, NC for Sale
$899,900 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 7.96% Cap Rate

421-425 S Broad St
Edenton, NC 27932


HIGHLIGHTS

  • Historic
  • Opportunity zone
  • Fully Leased

OVERVIEW

Historic J.N. Leary Building Fully Leased Mixed-Use Investment Opportunity 421, 423, & 425 S Broad Street | Downtown Edenton, North Carolina Own a landmark piece of Edenton history with this exceptional fully occupied mixed-use investment property, prominently located on South Broad Street in the heart of historic downtown Edenton, NC. Built in 1894, the iconic J.N. Leary Building blends timeless architectural character with reliable, income-producing stability. The property consists of five separate rental units, all currently leased with contracts in place, providing immediate and consistent cash flow from day one: Three street-level commercial units, well-suited for retail, professional offices, or boutique businesses, benefiting from excellent visibility and steady downtown foot traffic. Two residential units, offering highly desirable in-town living within walking distance of Edenton Bay, restaurants, shops, and local attractions. One is 1 bed/ 1 bath, the other is 3 bed/ 2 bath. With its historic qualities, classic architectural details, and enduring craftsmanship, the J.N. Leary Building remains a cornerstone of Broad Street’s historic streetscape. The fully leased mixed-use configuration offers diversified income streams, making this an ideal acquisition for investors seeking both stability and long-term appreciation. Edenton’s continued growth as a destination for tourism, small business, and residential living further enhances the strength of this asset, while the building’s historic significance adds a level of distinction rarely available in today’s market. This is a rare opportunity to acquire a turnkey, fully leased historic property in one of North Carolina’s most charming and vibrant downtown districts—an investment that combines heritage, location, and dependable returns. This property is in an opportunity zone and possible historical tax credits.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$161 USD /SF

CAP RATE

7.96%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1894

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7804-07-68-5188

ASK ABOUT THIS PROPERTY

Mitchell ByrumByrum VenturesMore Info
757-576-5768

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

Mitchell ByrumByrum VenturesMore Info
757-576-5768

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