Property TypeCommercial Sale/Lease
Fully rented with income of $36,600/year! Water View, renovated downtown commercial First Floor Condo located in the heart of Washington,NC's Historic District on the corner of Water Street & South Market Street and just across the street from the Chamber of Commerce. Downstairs (only) is being marketed for sale in this listing; upstairs is owned by another owner. Building is set up as two condo units. Downstairs includes: two retail storefronts on S. Market Street, two office spaces on back of building near rear entrance of Down On Main Street Restaurant and another single office in hallway. Two HVAC systems heat & cool the down stairs one unit controls the two retail spaces on S. Market & the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairs owner. Total annual expenses $11,745- $2569 new flood insurance rate, Wind/Hail $1100, property taxes $2476, $5600 avg utilities/yr. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. One electric,water & gas meter for downstairs. Note: building is fully rented. The entire building-upstairs & downstairs condos are available for sale for $449,000. Check out 134 S. Market to see full info on whole building or 1 Commerce Square to see Upstairs condo Only info.