1404 Front Street Active

Reidsville,NC 27320

$ 795000

- Bed

- Bath

3832 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,832 sqft

Price per Sqft $207

MLS Listing ID 10102082

Style Office

Year Built 2001

Annual Tax Amount $5,485

Lot Size 0.740 Acres

Property Sub-Type Office

Property Description

Are you seeking an investment that consistently generates returns? This is a perfect opportunity to own prime real estate with tenants already in place! Where else could you invest $795,000 and earn a monthly return of $5,572? The property is currently occupied by solid long-term tenants, and a rent increase is expected within the next 4 to 9 months extending leases to 2028 and 2030. This all-brick building requires minimal maintenance. The owner is responsible for certain expenses, including utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. SHOWN BY APPOINTMENT ONLY! NO DRIVE BY! 1404 Front Street 2547 square foot & 1406 Front Street 1045 square foot.

Location

State NC

County Rockingham

Zoning OI/RD

Interior

Heating Heat Pump

Cooling Central Air

Flooring Carpet,Wood

Laundry None

Exterior

Utilities Available Electricity Connected,Sewer Connected,Water Connected

Roof Type Shingle

Building

Lot Description City Lot,Landscaped

Story 1

Foundation Permanent

Water Public

Structure Type Brick

New Construction No

Others

Special Listing Condition Standard

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