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240-242 The Blvd 1,662 SF Retail Building Eden, NC 27288 $477,647 ($287.39/SF) 8.50% Cap Rate
Executive Summary
An exceptional opportunity to acquire two adjoining mixed-use buildings being offered as one investment package. This income-producing property features two fully leased retail spaces and two residential apartments, providing immediate cash flow with a diversified tenant mix. This turnkey investment offers consistent income from multiple tenants while providing investors with an attractive cap rate and the stability of both commercial and residential revenue streams
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,662 SF
Building Class
C
Year Built
1920
Price
$477,647
Price Per SF
$287.39
Cap Rate
8.50%
NOI
$40,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.16 AC
Zoning
BC/ED
Parking
3 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
48’ on The Blvd
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 106216 | Improvements Assessment | $37,178 |
| Land Assessment | $9,931 | Total Assessment | $47,109 |
Property Taxes
Parcel Number
106216
Land Assessment
$9,931
Improvements Assessment
$37,178
Total Assessment
$47,109
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240-242 The Blvd
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