250 Mcdougall Drive, West End, NC 27376
$370,000
Property Type:
Comm Sale or Lease
Status:
Closed
Current Price:
$370,000
List Date:
8/07/2018
Last Modified:
12/03/2025
Description
Fantastic investment opportunity! This 6000 sq ft. of heated and cooled space is currently leased to Servpro of Moore County on a long term lease through April of 2021. The current lease amount is $33,600 per year with a 2% increase each subsequent year thereafter. Owner pays taxes and insurance and tenant pays utilities,general maintenance and tenant insurance. Over an 8% cap rate!
More Information MLS# 189858
Building/Ext Features
# of Parking Spaces: 0
# of Restrooms: 0
# of Units: 0
Lot Acres: 0
Lot SqFt: 0
SqFt - Apx Total: 6000
SqFt - Total Available: 0
SqFt - Office: 2000
SqFt - Retail/Display: 2000
SqFt - Warehouse: 4000
Contract Info
List Price/SqFt: 61.67
Status: Closed
Marketing Start Date: 2018-08-07
Listing Price: 370000
Current Price: $370,000
Location Information
Marketing City: West End
Street #: 250
Street Name: Mcdougall
Street Suffix: Drive
County: Moore
State/Province: NC
Zip Code: 27376
Geo Lat: 35.269144
Geo Lon: -79.584885
Remarks and Showing
Sign on Property: Yes
Directions to Property: 211 West from Pinehurst to Seven Lakes Drive. Go right. Turn left on McDougall Drive. go 2 blocks property on right.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 0
Total City Real Estate Property Tax: 0
Deed Book: 4515
Deed Page: 1
Legal: Seven Lakes Commercial Part lot 131
PID: 00023678
Total Real Estate Property Taxes: 0
Tax Year: 2018
Zoning: CI
Year Built: 2009
Lease Info
Lease Rate: 0
Deposit: 0
Business Type
Food Service: 1
Professional/Office: 1
Retail: 1
Warehouse: 1
HOA
Association Fee 1/Year: 0
C & I Features
Loading Dock: 1
Storage Outside: 1
Exterior Finish
Aluminum Siding: 1
Terms
Cash: 1
Foundation
Slab: 1
Heating
Forced Air: 1
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Status Change Info
Under Contract Date: 2020-08-14
Sold Price: $370,000
Sold Date: 2020-08-18
Property Features
Business Type: Food Service; Professional/Office; Retail; Warehouse
Exterior Finish: Aluminum Siding
Foundation: Slab
Heating: Forced Air; Heat Pump
Heating System Fuel Source: Electric
Terms: Cash
Listing Office:
The Property Center, INC.
IDX
Last Updated: December - 03 - 2025
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