$3,100,000

200 Williamsburg Parkway

Jacksonville NC, 28546

Description

This site was improved with a two story prefabricated metal building originally designed and constructed in 2003 containing 20,750 square feet for a lumber/hardware store. In 2011 second floor was remodeled/updated so the total square feet was increased to 25,750. The builders supply occupies 20,750 square feet of office/showroom/warehouse space plus the outside coverings and lay-down yard. On the second floor GSA (probation office) has been a tenant sense 2011 and 2019 Morton Containers signed a year lease. The location is central to residential & commercial growth. Near by retailers include: Lowes Foods, Food Lion, CVS, McDonalds, Dunkin Donuts, Taco Bell, Miller Motte College, Autzone and Advance Auto Parts. The 2 main roads that provide access to the property have daily traffic counts of 18,000 & 28,000 cars per day. The lumber company who occupies 20,750 on the ground floor, are looking to move to a smaller office on the side of the building, which will free up about 4400 sqft that can be easily converted in to more lease-able space to help increase the cap rate. The current cap rate, with the current leases in place, is 8%. With the additional free space upstairs and with the lumber company moving to the side, which frees up space, you can increase the cap rate to over 10%. Call today for your VIP tour!

Details

MLS#100169176
Sub-TypeResale
StatusActive
Year2003
Days On Site185

Features

SQ Feet10,000
Story(s)1
ZoningCC

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Area Information

StateNC
CountyOnslow
CityJacksonville
Zip Code28546
AreaOnslow
Listing VS Median (in 28546)
Price:
$3,100,000
low | high
Med:
$149,700
100% of Average
SqFt:
10,000
low | high
Med:
1,371
100% of Average
$ / SqFt:
$310
low | high
Med:
$111
100% of Average
On Site:
185
low | high
Med:
94.5
100% of Average
Listing Updated: 12/06/2019
MLS Number: 100169176
Listing Provided By:
William B Sanders  of  Coldwell Banker Alliance Group Realty
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