1807-1813 N Main St | High Point, NC 27262
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1807-1813 N Main St
High Point, NC 27262
Office Property For Sale
Investment Highlights
- Tenants: Magnolia Blue, The Brewer’s Kettle, Freeman Kennett Architects.
- 1.57+/- acres located adjacent to this property is also available for sale. Could be used for additional parking and development.
Executive Summary
Prime, fully-leased investment opportunity in the heart of High Point! Boasting an attractive cap rate of 4.2%, this property offers prominent exposure to Main Street with a remarkable traffic count of 26,000 VPD. 1.57+/- acres located adjacent to this property is also available for sale. Could be used for additional parking and development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
13,150 SF
Building Class
C
Year Built
1960
Price
£3,579,383
Price Per SF
£272
Net Initial Yield
4.21%
NOI
£150,692
Tenancy
Single
Number of Floors
2
Typical Floor Size
6,575 SF
Slab to Slab
11 ft
Building FAR
0.79
Lot Size
0.38 AC
Zoning
MS - Commercial
Parking
15 Spaces (1.14 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
- Central Heating
- Lift Access
- Natural Light
PROPERTY TAXES
| Parcel Number | 0188782 | Improvements Assessment | £1,188,673 |
| Land Assessment | £609,847 | Total Assessment | £1,798,521 |
PROPERTY TAXES
Parcel Number
0188782
Land Assessment
£609,847
Improvements Assessment
£1,188,673
Total Assessment
£1,798,521
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