817 New Bern Ave
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817 New Bern Ave
5,288 SF 100% Leased Office Building Raleigh, NC 27601 $1,650,000 ($312/SF) 7.39% Cap Rate
Executive Summary
Fully leased office building for sale on the future BRT transit corridor. Building has recently had some facade and interior upgrades. Inquire for additional info.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,288 SF
Building Class
C
Year Built
1951
Price
$1,650,000
Price Per SF
$312
Cap Rate
7.39%
NOI
$122,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,644 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
0.48 AC
Zoning
O&I-2
Parking
17 Spaces (3.21 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Air Conditioning
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
Parcel Number | 1713.05-09-9146-000 | Improvements Assessment | $332,249 |
Land Assessment | $773,616 | Total Assessment | $1,105,865 |
PROPERTY TAXES
Parcel Number
1713.05-09-9146-000
Land Assessment
$773,616
Improvements Assessment
$332,249
Total Assessment
$1,105,865
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817 New Bern Ave
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