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.
Broker:
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Nick Gonzalez, CCIM
Email
Details
Property Information
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Property Type
Investment
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Building SF
21,304
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Year Built
1930
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Year Renovated
1982, 2010, 2020
Tax Information
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Zoning
U
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Tax PIN
6725-02-86-2786
Pricing & Terms
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Price
$736,800
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NOI
$57,105
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Cap Rate (Actual)
7.75%
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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.