Great chance to purchase a fully rented income property. Tremendous value add opportunity with below market rents and long term tenants in place. Boasts a CAP rate of 8.2%.
This 1925 former furniture factory was fully renovated in 2003 which created 11 retail suites. Both roofs were replaced, five and ten years ago. Ample off street parking for employees and customers.
MLS# | 307710 |
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Listing Type | For Sale |
Style | Industrial |
Sub-Type | Resale |
Year | 1925 |
Days On Site | 742 |
SQ Feet | 9,945 |
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Story(s) | 2 |
Zoning | HB Highway Business |
Area Information | |
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State | NC |
City | Winston Salem |
Zip Code | 27117 |
Area | Forsyth |
Listing VS Median (in 27117) | |
Price: $549,000 low | high Med: $549,000 SqFt: 9,945 low | high Med: 9,945 $ / SqFt: $55 low | high Med: $55 On Site: 742 low | high Med: 741 |