115 North Blvd, Clinton, NC 28328
- $950,000
Listing courtesy of United Country Draughon Realty.
- List Price
- $950,000
- Status
- PENDING
- Days on Market
- 104
- MLS#
- 100577347
- Subtype
- Commercial Sale
- Year Built
- 2001
- Lot Size
- 85,813
- Acres
- 1.97
- Subdivision
- Not In Subdivision
- Neighborhood
- Not In Subdivision
Property Description
Draughon Realty is pleased to offer for sale 115 N Blvd Clinton, NC. This offering presents a stabilized, income-producing commercial office asset totaling 6,186 square feet, fully leased to the State of North Carolina for its NC Works operations. The property offers investors a secure, government-backed tenancy with consistent cash flow and minimal management burden. The asset is currently 100% occupied under a lease with the State of North Carolina, providing strong credit assurance and long-term occupancy stability. The property generates a Net Operating Income (NOI) of $77,014.82, reflecting dependable in-place income. Offered at an asking price of $950,000, the investment represents an approximate 8.11% cap rate, making it an attractive opportunity for investors seeking stable returns in a low-risk profile asset. Government-leased properties are highly desirable due to their reliability, and this asset is well-positioned to deliver predictable income with limited volatility.
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Additional Information
- Zoning
- Municipal
- Heating
- Electric
- Roof
- Shingle, Asphalt
- Parking Features
- Parking Lot, Asphalt
Mortgage Calculator
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