Rabbit Run | 7201 Rabbit Run
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Rabbit Run 7201 Rabbit Run
2,200 SF Vacant Office Building Wake Forest, NC 27587 $1,900,000 ($864/SF)
Investment Highlights
- Geat Location, near US#1 and New HWY 98
- 3 acres, GREAT Place for Assisted Living
- Visual from HWY, with frontage on old Hwy 98
Executive Summary
3 Acres, Fronts on Old Hwy 96 West (200 plus feet, with access) and Rabbit Run. 1/4 Mile from NEW Hwy 98 to the west, 3/4 Mile to US#1 to the East.
Great Location for Medical, Convalescent Home, Assisted Living, BANK, ZONED working on Zoning to NB!
Great Location for Medical, Convalescent Home, Assisted Living, BANK, ZONED working on Zoning to NB!
Financial Summary (Actual - 2020) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$16.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$16.36
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2020)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $16.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $16.36 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1983
Price
$1,900,000
Price Per SF
$864
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.02
Land Acres
3.00 AC
Zoning
R-40W - 3 Acres, working on Rezoning to NB
Parking
4 Spaces (1.82 Spaces per 1,000 SF Leased)
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Craig Rooth - CJR Investments
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Rabbit Run | 7201 Rabbit Run
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