404-424 W Main Street, Havelock | 404-424A W Main St
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404-424 W Main Street, Havelock 404-424A W Main St
22,922 SF 100% Leased Retail Building Havelock, NC 28532 $975,000 ($43/SF)
Executive Summary
An income producing retail/office/flex property with upside potential in Havelock, NC. The Property is approximately 1.1 miles from Marine Corps Air Station Cherry Branch.
The main building is 18,922 square feet with an approximately 2,000 square foot stand-alone shop/warehouse building with roll-up/drive-in doors, on approximately 1.64 acres. A partial list of existing tenants includes H&R Block, Snavely Insurance & Financial (Sate Farm), Lycanthrope Entertainment, Science Applications International Corporation, Tekla Research, and Town & Country Management. The Property is approximately 96% leased with approximately 840 square feet vacant. Many of the tenants are month to month with below market rents.
The offering price is $975,000, which is approximately $46.60 per square foot (well below replacement cost).
Upon execution of a Confidentiality Agreement (attached to this listing), a rent roll, estimated NOI calculation with expenses, and Leases can be provided.
The main building is 18,922 square feet with an approximately 2,000 square foot stand-alone shop/warehouse building with roll-up/drive-in doors, on approximately 1.64 acres. A partial list of existing tenants includes H&R Block, Snavely Insurance & Financial (Sate Farm), Lycanthrope Entertainment, Science Applications International Corporation, Tekla Research, and Town & Country Management. The Property is approximately 96% leased with approximately 840 square feet vacant. Many of the tenants are month to month with below market rents.
The offering price is $975,000, which is approximately $46.60 per square foot (well below replacement cost).
Upon execution of a Confidentiality Agreement (attached to this listing), a rent roll, estimated NOI calculation with expenses, and Leases can be provided.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
22,922 SF
Building Class
B
Year Built
1985
Price
$975,000
Price Per SF
$43
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Land Acres
1.64 AC
Zoning
Highway Commercial (HC) - Highway Commercial. There is a link to the Zoning Table below.
PROPERTY TAXES
| Parcel Number | 6-051-007 | Improvements Assessment | $936,900 |
| Land Assessment | $361,370 | Total Assessment | $1,298,270 |
PROPERTY TAXES
Parcel Number
6-051-007
Land Assessment
$361,370
Improvements Assessment
$936,900
Total Assessment
$1,298,270
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Michael Waldrop -
Waldrop Properties, LLC
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404-424 W Main Street, Havelock | 404-424A W Main St
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