Edenton, NC 27932,106 E King ST
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Edenton, NC 27932,106 E King ST
Edenton, NC 27932,106 E King ST
Edenton, NC 27932,106 E King ST
Edenton, NC 27932,106 E King ST

$280,000

Est. payment /mo

$290,000

3.4%
Est.Price: ?

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106 E King ST Edenton, NC 27932

1,080 SqFt

SOLD DATE : 10/31/2024

Key Details

Sold Price $280,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,080 sqft

Price per Sqft $259

MLS Listing ID 100456525

Sold Date 10/31/24

Originating Board North Carolina Regional MLS

Year Built 1898

Annual Tax Amount $1,160

Lot Size 1,144 Sqft

Acres 0.03

Lot Dimensions TBD

Property Description

Income producing historic office property built in 1898 in Downtown Edenton for sale with a 10.84% cap rate. Tenant is a CPA firm whose current lease pays $2,622 per month on a triple net lease where Tenant covers taxes, insurance, utilities, and repairs other than structural or major mechanical repairs. Building was completely renovated in 2007 with all new electric/wiring/panel, new HVAC, new windows except original storefront windows, and original oak floors were redone. Metal roof is in sound condition. Tenant does not intend on renewing lease after October 2025 so we are advertising it for lease along with the sale in hopes of finding a new Tenant with equal or better lease terms. Tenant would terminate lease earlier if Buyer wished to owner/occupy. Located across from the Hornthal Law Firm and the soon to be renovated Hinton Hotel, just two blocks from the Waterfront and frequently photographed historic cannons on the Waterfront. Property could also be converted to a residence with the addition of a kitchen, shower/bath, and laundry.

Location

State NC

County Chowan

Zoning CD

Direction If you park on Broad Street in Edenton near the intersection of King Street building will be the 4th on the right from Broad Street.

Interior

Heating Electric, Heat Pump

Cooling Central Air

Flooring Wood

Exterior

Garage Public, On Street

Utilities Available City Water, Natural Gas Available

Waterfront Description None

Roof Type Metal

Building

Foundation Slab

Sewer Municipal Sewer

New Construction No

Others

Tax ID 7804-07-68-7314

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Hive MLS / (NCRMLS)
Listed by Rich Company

Walter Ciucevich

Broker | License ID: 320028

+1(910) 644-4801

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