615 S Madison St - Storefront FOR SALE


Whiteville, NC 28472
$500,000 USD
910-350-1200
615 S Madison St, Whiteville, NC for Sale
$500,000 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

615 S Madison St
Whiteville, NC 28472


OVERVIEW

615 S. Madison St., Whiteville, NC is available for sale. This 3,460± SF historic downtown building is currently leased to the North Carolina Department of Health and Human Services, offering investors a rare opportunity to acquire an asset backed by one of the most creditworthy tenants available. The Tenant is currently within a 7-year initial lease term with approximately two years remaining, along with three (3) additional five-year renewal options. The property underwent extensive renovations in 2020–2021 to accommodate the Tenant’s operational needs while preserving the character of the historic structure. The building features dual access points, including a traditional storefront entrance along S. Madison Street and a secondary rear entrance with direct access to the on-site parking area. This offering presents a unique investment opportunity in the heart of downtown Whiteville with stable tenancy and long-term upside potential. The lease is structured as a full-service lease, and additional lease details are available upon request. Please do not disturb the Tenant. Contact Broker for additional information or to arrange a property tour. Property will be subject to subdivision from parent parcel prior to closing.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B-1

APN/PARCEL ID

0280.02-98-9678.000

ASK ABOUT THIS PROPERTY

Mason WatkinsSun Coast Partners CommercialMore Info
910-350-1200

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

Mason WatkinsSun Coast Partners CommercialMore Info
910-350-1200

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