Listing ID100171658
SqFt 6,440
Acres 0.090
Year Built1900
Property TypeCommercial Sale/Lease
Property Sub TypeOffice
8% ROI-$64,500 potential annual income ($49,500 in rent currently) in this renovated, waterview, downtown commercial building (upstairs & downstairs) located in the heart of Washington, NC's Historic District & just steps away from the Chamber of Commerce & the beautiful waterfront promenade. Total annual expenses $20,943- $4023 new flood insur rate, Wind/Hail $2200, property taxes $5,000, $9720 avg utilities/yr. Two retail spaces, 9 offices, kitchenette & bathrooms upstairs & downstairs. Plenty of free street side parking & free parking lot at rear of building. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. Broker owned. One electric & gas meter for downstairs & one set for upstairs. ...the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairowner & downstairs owner. Wind/Hail is $1100/yr & flood insurance is $1352/yr ($2000 deductible). These numbers represent the amount that each owner pays. Property taxes are $2476/yr. Real estate agent is a principal in the LLC that owns the property. Plenty of free street side parking and waterfront parking lot.
© 2020 North Carolina Regional (NCRMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NCRMLS. Real estate listings held by IDX Brokerage firms other than The Rich Company are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Listing courtesy of The Rich Company. Data last updated: Tuesday, May 26th, 2020 at 10:44:47 AM.

Contact - Listing ID 100171658

Lydie Jennings

1468 Carolina Avenue
Washington, NC 27889
Phone: 252-943-8184

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