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853 South Laurel Street 853 S Laurel St

3,000 SF Office Building Lincolnton, NC 28092 £504,960 (£168/SF) 7% Net Initial Yield

Investment Highlights

  • Convenient location
  • Remodeled in 2014
  • Property has been leased continuously for over 20 years

Executive Summary

Medical office space for sale conveniently located about five minutes to Hwy 321 and ten minutes to Lincolnton Hospital. Property leased NN. Owner is responsible for roof, asphalt, HVAC replacement. Property has been leased continuously for over 20 years. Property was last remodeled in 2014 when Atrium took over the lease.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1986/2014
Price
£504,960
Price Per SF
£168
Net Initial Yield
7%
NOI
£35,347
Tenancy
Single
Number of Floors
1
Typical Floor Size
3,000 SF
Building FAR
0.14
Land Acres
0.49 AC
Zoning
O-I
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PROPERTY TAXES

Parcel Number 20695 Improvements Assessment £366,655
Land Assessment £140,352 Total Assessment £507,007

PROPERTY TAXES

Parcel Number
20695
Land Assessment
£140,352
Improvements Assessment
£366,655
Total Assessment
£507,007
(704) 735-0099

  • Listing ID: 31786795

  • Date on Market: 13/05/2024

  • Last Updated:

  • Address: 853 S Laurel St, Lincolnton, NC 28092

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853 S Laurel St, Lincolnton, NC for sale Building Photo- Image 4 of 6
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© 2024 CoStar Group

853 South Laurel Street | 853 S Laurel St
(704) 735-0099 x

853 South Laurel Street | 853 S Laurel St

Amy Gilleland

(704) 735-0099

(704) 735-0099

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