Investment Opportunity

Office for Sale
Catylist Listing ID: 30370172
Property Subtypes: Office Building
Building Size (RSF): 5,800 SF
Gross Land Area: 27,000 SF
Sale Price: $629,500
Unit Price: $108.53 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 5,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2019

Overview / Comments

Well located office building. Corner of Dunn St on Croatan Highway. Ample parking. Great Exposure. Convenient to all the area, from Manteo to Kitty Hawk. Two office suites currently occupied by law firms. Ground level suite on highway is available and should be easy to lease. One is owner/tenant. This could be a great investment for the long term discerning buyer looking for location and income potential. Priced well below tax value, so it's priced to move.

Additional Details

Nearest MSA: Kill Devil Hills
County: Dare
Tax ID/APN: 080109057743
Zoning: COMMERCIAL
Property Visibility: Excellent
Highway Access: Croatan Hwy
Airports: Dare County Regional Airport & Wright Brothers
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 1,450 SF
Year Built: 1981
Year Renovated: 2010
Roof Type: Arched
Construction/Siding: Vinyl Siding
Heat Type: Electricity
Heat Source: Central, Heat Pump
Zoning Description: Commercial
In Flood Plain?: Yes
Lot Frontage: 335
Lot Depth: 135
Water Service: Municipal
Sewer Type: Septic
Land Ownership: owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,229 3,852 10,952
Median Age: 48.55 46.74 41.6
Households: 588 1,716 4,576
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