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109 S. Main Street

109 S. Main Street Lexington NC 27292

  • Price
    $736,800

±21,304 SF multi-tenant investment opportunity! Well-maintained building in Historic Uptown Lexington anchored by Lexington Home Brands- stable tenant base, but still plenty of upside. Current NOI ±$57,105 / 7.75% cap rate. Known as the Belk Building, this is a three-story retail/office building that is 100% leased with great visibility.

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Details

Property Information

  • Property Type
    Investment
  • Building SF
    21,304
  • Year Built
    1930
  • Year Renovated
    1982, 2010, 2020

Tax Information

  • Zoning
    U
  • Tax PIN
    6725-02-86-2786

Pricing & Terms

  • Price
    $736,800
  • NOI
    $57,105
  • Cap Rate (Actual)
    7.75%
  • Comments
    ±21,304 SF multi-tenant investment opportunity! Well-maintained building in Historic Uptown Lexington anchored by Lexington Home Brands- stable tenant base, but still plenty of upside. Current NOI ±$57,105 / 7.75% cap rate. Known as the Belk Building, this is a three-story retail/office building that is 100% leased with great visibility.

Property Documents

Aerial Map