1807-1813 N Main St | High Point, NC 27262
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1807-1813 N Main St
High Point, NC 27262
Office Property For Sale
Investment Highlights
- Tenants: Magnolia Blue, The Brewer’s Kettle, Freeman Kennett Architects.
- 1.57+/- acres located adjacent to this property is also available for sale. Could be used for additional parking and development.
Executive Summary
Prime, fully-leased investment opportunity in the heart of High Point! Boasting an attractive cap rate of 4.2%, this property offers prominent exposure to Main Street with a remarkable traffic count of 26,000 VPD. 1.57+/- acres located adjacent to this property is also available for sale. Could be used for additional parking and development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
13,150 SF
Building Class
C
Year Built
1960
Price
$4,500,000
Price Per SF
$342
Cap Rate
4.21%
NOI
$189,450
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,575 SF
Slab To Slab
11’
Building FAR
0.79
Lot Size
0.38 AC
Zoning
MS - Commercial
Parking
15 Spaces (1.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Direct Elevator Exposure
- Natural Light
PROPERTY TAXES
| Parcel Number | 0188782 | Improvements Assessment | $1,494,400 |
| Land Assessment | $766,700 | Total Assessment | $2,261,100 |
PROPERTY TAXES
Parcel Number
0188782
Land Assessment
$766,700
Improvements Assessment
$1,494,400
Total Assessment
$2,261,100
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