720 W Main St
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720 W Main St
11,128 SF 80% Leased Office Building Jamestown, NC 27282 £867,900 (£78/SF) 5.57% Net Initial Yield
Investment Highlights
- Owner User or Investment
- 3 Buildings Two Fully Leased
Executive Summary
Owner User or investment property with three unique buildings on a 1.03-acre lot, combining fully leased spaces with additional leasing potential or owner-occupied space in the heart of Jamestown, NC.
Green Building: Fully Leased, 5,860± SF, Upper-Level Dental Office, Lower-Level Engineering Firm and Salon Suites
Yellow Building: Historic, 1,462± SF, 100% Leased, built-in 1834
Red Building: 3,806± SF, Lower-Level leased, Upper-Level vacant 2,066± SFvacant.
Pro-Forma Cap Rate 8.1%.
Green Building: Fully Leased, 5,860± SF, Upper-Level Dental Office, Lower-Level Engineering Firm and Salon Suites
Yellow Building: Historic, 1,462± SF, 100% Leased, built-in 1834
Red Building: 3,806± SF, Lower-Level leased, Upper-Level vacant 2,066± SFvacant.
Pro-Forma Cap Rate 8.1%.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
11,128 SF
Building Class
C
Year Built
1834
Price
£867,900
Price Per SF
£78
Net Initial Yield
5.57%
NOI
£48,321
Percent Leased
80%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,564 SF
Building FAR
0.25
Land Acres
1.03 AC
Zoning
C
Parking
44 Spaces (3.95 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
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PROPERTY TAXES
| Parcel Number | 0157745 | Improvements Assessment | £502,525 |
| Land Assessment | £177,199 | Total Assessment | £679,725 |
PROPERTY TAXES
Parcel Number
0157745
Land Assessment
£177,199
Improvements Assessment
£502,525
Total Assessment
£679,725
-
Spencer Bennett, CCIM -
Meridian Realty Group, Inc.
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720 W Main St
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