Red Door Company
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106 E King StreetEdenton, NC 27932

  • Retail
  • $290,000
  • 1,080 SQFT

Income producing historic office property built in 1898 in Downtown Edenton for sale with a 10.84% cap rate. Tenant is a CPA firm whose current lease pays $2,622 per month on a triple net lease where Tenant covers taxes, insurance, utilities, and repairs other than structural or major mechanical repairs. Building was completely renovated in 2007 with all new electric/wiring/panel, new HVAC, new windows except original storefront windows, and original oak floors were redone. Metal roof is in sound condition. Tenant does not intend on renewing lease after October 2025 so we are advertising it for lease along with the sale in hopes of finding a new Tenant with equal or better lease terms. Tenant would terminate lease earlier if Buyer wished to owner/occupy. Located across from the Hornthal Law Firm and the soon to be renovated Hinton Hotel, just two blocks from the Waterfront and frequently photographed historic cannons on the Waterfront. Property could also be converted to a residence with the addition of a kitchen, shower/bath, and laundry.

Last Checked
1 minute ago
Last Updated
Jul 18, 2024
Days on Website
9

Property Details for 106 E King Street

106 E King Street is a retail, other, professional_service, mixed_use, business_service, office commercial space for sale in Edenton, NC 27932.

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Alex Rich

Rich Company

252-256-1279

Please contact Alex Rich at Rich Company direct by phone at 252-256-1279. You may also reach Rich Company by phone at 252-338-5432.

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Listing Provider for 106 E King Street

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Alex Rich
Agent Phone Number:
252-256-1279
Office:
Rich Company
Office Phone Number:
252-338-5432
MLS ID:
100456525
Data Source:
North Carolina Regional MLS
Last Checked:
1 minute ago
Last Updated:
July 18, 2024 10:13 PM UTC
Days on Site:
9
North Carolina Regional MLS
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Red Door Company

2530 Meridian Parkway #300, Durham, NC 27713

919-321-0128