121 Chatham St

Property for Sale

Sanford, NC

Price: $ 1,200,000
Space Size: 5,500 SF
Rent (SF/Yr): $ 218
Property Type: Retail

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Description:

5,500 SF Retail Building  /  $ 1,200,000 ($218/SF)  /  5.11% Cap Rate

 

INVESTMENT HIGHLIGHTS

  • Long term tenant with 6 years remaining and renewal options.
  • Permanent easement providing fantastic courtyard patio dining space.

AMENITIES

  • Courtyard
  • Restaurant
  • Tenant Controlled HVAC
  • Air Conditioning

 

 

Building Size 5,500 SF
Sale Type Investment NNN
Property Type Retail
Property Subtype Restaurant
Building Class C
Year Built 1957
Price $1,200,000
Price Per SF 218
Cap Rate 5.11%
NOI $61,320
Tenancy Single
Building Height 2 Stories
Building FAR 0.08
Land Acres .13 AC
Zoning CBD
Opportunity Zone Yes

 

PROPERTY TAXES

Parcel Number 9643-70-4194-00

Land Assessment $ 54,700

Improvements Assessment $ 580,700

Total Assessment $ 635,400

Additional Information:

Listing ID: 121 Chatham St
County: Sanford
Year Established: 1957
Sale Type: Investment
Zoning: CBD
Building Class: B
APN/Parcel ID: 9643-70-4194-00