Sunset Ave - Office FOR SALE


Rocky Mount, NC 27804
$650,000 USD
888-731-1710
Sunset Ave, Rocky Mount, NC for Sale
$650,000 USD
Office - FOR SALE
1/25
null | Request Cap Rate

Sunset Ave
Rocky Mount, NC 27804


OVERVIEW

Acquire this 1978 10-unit office building for $650,000 - less than half of replacement cost. Located at 3048-3094 Sunset Avenue, on 1 acre of land, this 11,033 square foot office building is being offered at just $58.91 per square foot. The high 70% vacancy provides an excellent opportunity to bring your aggressive lease up campaign and increase the current annual income of $21,816 to a projected stabilized annual income of $128,046. Based on the asking price and operating expenses of $12,541.57, the asset offers a compelling projected stabilized capitalization rate of 16.97%. Appraised in 2021 for $1,109,000

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sunset Office Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Benjamin RiegelBraddock RealtyMore Info
888-731-1710

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Benjamin RiegelBraddock RealtyMore Info
888-731-1710

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