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Joe Murray Realty
1309 First St W
Ahoskie NC 27910
252-332-2867 Office
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Listing Details
MLS Number: 101983
List Price: $1,750,000
Lot #: N/A
Street #: 401
Direction: E
Street/Road Name: Church Street
City of Mailing Address: Edenton
Zip Code: 27932
City Limits: Yes
County: Chowan
Waterfront: None
Lot Size/SqFt: 47044
Current Use: Retail, Other, Office
# Buildings: 1
Ttl Apx Heated SqFt: 17804
Year Built: 1909
Features: Security System, Security Lighting, Handicapped Access, Elevator, Restroom-Public, Railroad Siding, Restroom-Private, Inside Storage, Individual Electric Meters
Access: City Street
Air Conditioning: Central Air, Electric
Heating System: Heat Pump, Air to Air
Permitted Uses: Retail, Food Service, Office, Business Service, Medical/Dental
Construction: Brick
Zoning Jurisdiction: CH
Commercial Park Fee Yr/Mo: N/A
Location: City
Property Desc: Incredibly restored former Peanut Mill, now a 5 story office building 17, 804 sq ft gem of a property w/7.8% cap rate. Fully leased to a gym on the bottom floor and an accounting firm leases floors 2-5. LL pays taxes and insurance of $27, 429.65 tenants pay $163, 698/yr in 2021 (NOI $136, 268.35) and lease rate adjusts upward only with CPI every January. Incredible architecture, built in 1909 restored 2004-2005. 45 parking spaces, 2 handicapped, natural gas generator, handicapped accessible, working elevator. Tenants pay for all maintenance including HVAC. See more details below in Remarks.
Ownership Rights: See Agent Remarks, Not Applicable
Listing Office Name: Rich Company
Listing Agent Name: Alex Rich
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