401 E Church Street, Edenton, NC 27932
$1,550,000
Property Type:
Comm Sale or Lease
Baths:
10
Square Footage:
17,804
Lot Size (sq. ft.):
47,044
Status:
Closed
Current Price:
$1,550,000
List Date:
12/11/2020
Last Modified:
8/01/2022
Description
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., Property is for rent, Rail Available, est Taxes 19768.60, Neighborhood - E Church St Hwy 32 E of downtown, Current Lease Toning Mill & Sykes & Company, Annual Income is 163698.00
More Information MLS# 8101983
Building/Ext Features
# of Restrooms: 10
Lot Acres: 1.08
Lot SqFt: 47044
SqFt - Office: 10000
SqFt - Warehouse: 20000
Contract Info
Sale/Lease: Sale
List Price/SqFt: 98.29
Status: Closed
Marketing Start Date: 2020-12-11
Listing Price: 1750000
Current Price: $1,550,000
Location Information
City Limits: Yes
Street #: 401
Pre Direction: E
Street Name: Church
Street Suffix: Street
County: Chowan
State/Province: NC
Zip Code: 27932
Geo Lat: 36.059578
Geo Lon: -76.602473
Remarks and Showing
Sign on Property: No
Directions to Property: From Downtown Edenton take Church Street/Hwy 32 East and property is on the left immediately past the railroad tracks.
Legal and Taxes
Tax Assessed Value: 1711580
Deed Book: 318
Deed Page: 807
PID: 780408895359
Plat Book: PC2
Special Assessments: No
Tax Year: 2020
Zoning: CH
Year Built: 1909
Miscellaneous
Current Use: Retail,Other,Office
C & I Features
ADA Compliant: 1
Elevator Pass: 1
Rail Siding: 1
Storage Inside: 1
Lease Terms
1 Year or More: 1
Construction
Brick/Stone: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Town of Edenton
Foundation
Raised: 1
Flooring
Concrete: 1
Wood: 1
See Remarks: 1
Road Type/Frontage
Public (City/Cty/St): 1
Cooling
Central Air: 1
Heating
Heat Pump: 1
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Water Source
Community Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Total Annual Expenses: 27429.65
Lease Types
Net: 1
BuildingExt Features
SqFt - Heated (Primary): 17804
Status Change Info
Under Contract Date: 2021-12-16
Sold Price: $1,550,000
Sold Date: 2021-12-16
Property Features
Construction: Brick/Stone
Flooring: Concrete; Wood; See Remarks
Foundation: Raised
Lot Water Features: None
Cooling: Central Air
Heating: Heat Pump
Utilities: Electricity Connected; Natural Gas Connected; Water Available
Sewer: Municipal Sewer
Water Source: Community Water
Lease Terms: 1 Year or More
Lease Types: Net
Listing Office:
Rich Company
IDX
Last Updated: August - 01 - 2022
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.